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Share Dividends (Income Tax)

Part of Oral Answers to Questions — Treasury – in the House of Commons at 12:00 am on 13th March 1997.

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Photo of Mr Colin Shepherd Mr Colin Shepherd , Hereford 12:00 am, 13th March 1997

Does my right hon. Friend agree that the tax derived would be much less if there were a windfall tax? Would not the 5 million shareholders who would pay for that tax through reduced dividends also have the value of their shares reduced accordingly?