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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 Michael Jack Michael Jack , Fylde 12:00 am, 13th March 1997

My hon. Friend is entirely right, and his assertion was supported by Professor Littlechild when he gave evidence to a Select Committee. He said that shareholders would be the first in line if there were a windfall tax of whatever amount. Whether it was £3 billion, £5 billion or £10 billion, it would be a dawn raid on the shareholder-owners of this country's privatised companies.