Clause 28. — (Transactions Designed to Avoid Liability to the Profits Tax.)

Part of the debate – in the House of Commons at 12:00 am on 11 June 1951.

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Photo of Sir Frank Soskice Sir Frank Soskice , Sheffield Neepsend 12:00, 11 June 1951

I can assure the hon. Gentleman that that was a careful judgment of Lord Greene, who has done many cases of this sort. He is perhaps one of our most experienced judges, particularly in this sort of legislation. He was giving a workable meaning of the Section of the Act. I should have thought that out of respect for Lord Greene the hon. Gentleman would have been better to have left that remark unsaid.