Corporation tax treatment of the oil and gas industry

Part of Finance Bill – in the House of Commons at 8:00 pm on 5th September 2016.

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Photo of Greg Mulholland Greg Mulholland Liberal Democrat, Leeds North West 8:00 pm, 5th September 2016

As I think I made clear, amendment 177 is a probing amendment, which is designed entirely to make that point. We share the view that the reduction of corporation tax is flawed, but through this amendment we are saying that it needs to be done in a better way. It is a probing amendment and we will not be voting on it, but it is time that we had that debate and put something better in place.