Clause 71 - Review of DST

Part of Finance Bill – in the House of Commons at 3:45 pm on 1 July 2020.

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Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury 3:45, 1 July 2020

My hon. Friend raises an interesting point. Does he share my view—I think it is also the view of the people who really know the law in this area—that in Britain a corporation exists to maximise the interests of all its members, rather than merely the shareholders, and that the shareholder entitlement is to the residual that is left after satisfying other claims on the company?