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Clause 23 - Loan relationships: debts becoming held by connected company

Part of Finance Bill – in a Public Bill Committee at 5:00 pm on 12th June 2012.

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Photo of Charlie Elphicke Charlie Elphicke Conservative, Dover 5:00 pm, 12th June 2012

Let me put two points to the hon. Lady. First, did not the previous Government use retrospective legislation time and again? Secondly, when there is egregious tax avoidance by a large financial institution, should we not stop it—and stop it quickly—to safeguard taxpayers’ interests?