Schedule 8 - Insurance and mutual trading companies
Finance Bill
12:00 pm
Mr John Burnett (Torridge and West Devon, Liberal Democrat)
The Economic Secretary is right that distinctions, often artificial, between bona fide investment companies and trading companies riddle our tax system. I welcome the fact that the matter will be reviewed, and hope that the review will take into account the points made by Opposition Members, especially those that relate to enhancing our economy and the attraction of the United Kingdom as a first-class trading location.
Question put and agreed to.
Schedule 8 agreed to.