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Finance Bill Debates

Alan Dolton Editor of Tolley's Tax Cases continues our summaries of the Public Bill Committee debates on the Finance Bill
Resuming after lunch on Thursday 8 May the Public Bill Committee continued its discussion of Schedule 2 (capital gains tax reform). The Financial Secretary responded to some of the concerns which had been voiced by Opposition MPs:
'The introduction of taper relief in 1998 as we have discussed was an important part of the Government's drive to promote investment and reward enterprise. A decade on we have now delivered an unprecedented period of macro-stability and have established the United Kingdom as one of the best environments for business in the world. We believe therefore that it is now right to reform capital gains tax. The regime remains...

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