Clause 2
Finance Bill
5:30 pm
Brooks Newmark (Braintree, Conservative)
I appreciate the Chief Secretary’s answer on the timing issue, but I am curious to know whether he—or the Economic Secretary or the Treasury—considered the Irish example of lowering corporation tax by 1 per cent., 2 per cent. or 3 per cent. Has he done any sensitivity analysis on the Laffer curve about the collection of tax revenues to see whether lowering the rate would enable the Treasury to collect more taxes? I am trying to help the Treasury out; it clearly wants to collect tax revenues.