Clause 18. — (Purchase and Sale of Securities: Application of SS. 19–21.)

Part of the debate – in the House of Commons at 12:00 am on 10 June 1959.

Alert me about debates like this

Photo of Mr Jocelyn Simon Mr Jocelyn Simon , Middlesbrough West 12:00, 10 June 1959

I expressly mentioned direct taxation because, in general, very much larger sums may be involved for the individual taxpayer. That is by no means a matter to be dismissed so lightly. If one is to deal with these extremely complicated matters in a way which does not admit of any Amendment, as a Statutory Instrument does not admit of any Amendment, it seems to me that there is a profound difference between direct and indirect taxation. One has only to consider the number of Amendments tabled to these sort of Clauses from both sides of the Committee to see the difference between direct and indirect taxation.