Clause 62 - First year allowances for expenditure wholly for a fence trade
Finance Bill
5:00 pm
Mr Michael Jack (Fylde, Conservative)
The Minister clearly stated that, in the Treasury's judgment, there is a relationship between the taxable potential of the North sea and the rate of return. Will she say whether the same principle will guide the Government in taxation of other areas of economic activity, so that those with a rate of return in excess of 30 per cent. can prepare for the inevitable—in other words, for more special taxes?