Does the right hon. Gentleman not recognise that there is a moral hazard to a degree in taxing insurance? There is a moral hazard that we recognise through the fact that 80% of activity in the insurance business is not taxed. Therefore, if we are increasing the tax burden on that 20% simply to raise revenue, it might be worth coming back and looking at the consequences.
Finance Bill
Proceeding contribution from
George Kerevan
(Scottish National Party)
in the House of Commons on Tuesday, 8 September 2015.
It occurred during Debate on bills
and
Committee of the Whole House (HC) on Finance Bill.
Type
Proceeding contribution
Reference
599 c305
Session
2015-16
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2015-10-05 15:35:41 +0100
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