Is the hon. Lady aware that there is ample evidence in the United States and the UK that large amounts—possibly half—of the retained earnings from lower corporation tax actually go into share buybacks, and that those share buybacks, which end up in the pockets of the original shareholders, do not get reinvested in industry, but go back into property and other kinds of non-productive assets?
Finance (No. 2) Bill
Proceeding contribution from
George Kerevan
(Scottish National Party)
in the House of Commons on Monday, 11 April 2016.
It occurred during Debate on bills on Finance (No. 2) Bill.
Type
Proceeding contribution
Reference
608 c110 
Session
2015-16
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2017-09-20 13:13:58 +0100
URI
http://hansard.intranet.data.parliament.uk/Commons/2016-04-11/16041117000032
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