Schedule 25
Finance Bill
10:00 am
Peter Bone (Wellingborough, Conservative)
Is not the Financial Secretary making the case against principles-based legislation? Instead of laying down things that one knows are wrong and saying that they must not be done, the principles-based approach sets out a principle that is thought to say what things are wrong, but can catch things that are perfectly acceptable. Is not the Minister outlining that in this exemption? Is not that the problem that principles-based legislation creates?