Clause 35

Part of Finance Bill – in a Public Bill Committee at 4:30 pm on 9th June 2009.

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Photo of Mark Hoban Mark Hoban Shadow Minister (Treasury) 4:30 pm, 9th June 2009

I do not want to extend the debate unnecessarily, but a philosophical point arises from the discussion that we have had on the previous clause and schedule and from other aspects of Finance Bills in recent years. The Marks and Spencer case, for example, was another case in which EU law about freedom of movement and freedom of establishment principles came into play. Have the Government looked more broadly at how aspects of UK tax law need to be reformed to take into account the growing trend of businesses to consider opportunities to arbitrage UK tax and the broader principles underpinning EU laws generally?