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Clause 1 — Main rate of corporation tax for financial year 2011

Part of Finance Bill – in the House of Commons at 5:30 pm on 12th July 2010.

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Photo of Andrew Love Andrew Love Labour, Edmonton 5:30 pm, 12th July 2010

Does my hon. Friend believe that there is a tax gap, as I think all Opposition Members do? Whether the gap is £40 billion, £60 billion or £100 billion, it is very significant, and we ought to turn our minds in this Budget to doing something about it.

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