Discretionary Share Option Schemes in the Privatised Utilities

Part of New clause 1 – in the House of Commons at 5:15 pm on 3rd April 1995.

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Photo of Mr Tim Smith Mr Tim Smith , Beaconsfield 5:15 pm, 3rd April 1995

Is the hon. Gentleman suggesting that discretionary share option schemes in the privatised utilities should be treated differently, in tax terms, from such schemes generally? I understood that his policy was to subject them all to income tax. If the former is not his policy, what is the point of producing the report?