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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 7:00 pm on 12th July 2010.

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Photo of Chris Leslie Chris Leslie Labour, Nottingham East 7:00 pm, 12th July 2010

Indeed. I cannot keep track of the turns and U-turns, with so many permutations, that the Government go through or of the chamaeleon-like arrangements of some hon. Members. There are honourable ladies and gentlemen in all parties-even in the parties opposite-and I appeal to them to consider the amendments carefully. These are incredibly important suggestions. I have not yet heard a case in the interventions-except, perhaps, for the competitiveness argument, which I shall discuss in a moment-for why there should be a corporation tax windfall, this boon for our large banks. Perhaps I shall hear one from the hon. Lady.

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