Finance Bill

Part of the debate – in the House of Commons at 4:31 pm on 6th July 2010.

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Photo of Danny Alexander Danny Alexander The Chief Secretary to the Treasury 4:31 pm, 6th July 2010

I do not have the figure to hand, but I will happily let the hon. Gentleman know at a future date or write to him with the precise figures he is looking for.

The measures that we are taking, rightly, close the avoidance issue that arose under the system put in place by the previous Government, whereby someone who was taking a substantial bonus, for example, in capital gains could pay less tax than the person who cleaned their office. [ Interruption. ] I am being asked if that was fair. I certainly do not think it was fair-it was highly unfair. That is why we have chosen to try to reduce that avoidance risk. Ian Lucas will know that the yield from the measures that we have taken comes in large measure from income tax, which reflects the fact that that sort of avoidance was going on.

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