Results 341–360 of 477 for speaker:Mr Nigel Beard

Clause 72: New clause (5 Jun 2000)

Mr Nigel Beard: The essential purpose of the legislation and the Financial Services Authority is to secure the integrity and probity of financial markets in Britain. Without such integrity and probity, immense damage will be done to the competitive position of a major piece of industry in Britain. Is that not the central purpose? Is not the legislation therefore a vital ingredient to our financial industry...

Orders of the Day — Miscellaneous (5 Jun 2000)

Mr Nigel Beard: The hon. Gentleman is making great play of the adequacy of the scrutiny. Why, in Committee, did a Liberal Member attend on only two occasions?

Opposition Day: Crime (24 May 2000)

Mr Nigel Beard: Will the right hon. Lady confirm that she has the agreement of the shadow Chancellor to spend the extra £1.5 billion that would be involved if such an early release programme were abandoned?

Orders of the Day — Finance Bill: Double Taxation Relief (3 May 2000)

Mr Nigel Beard: I think that the quality of debate from Opposition Members tonight has been as low as I have ever heard it. That is well evidenced by the call for greater consultation on the basis of nothing more than tittle-tattle in back rooms which does not stand up against the analysis given by my hon. Friend the Paymaster General.

Orders of the Day — Finance Bill: Double Taxation Relief (3 May 2000)

Mr Nigel Beard: We have already heard from my hon. Friend the Paymaster General the extent of the consultation that has taken place, including that with the CBI. The arguments put earlier by the hon. Member for West Dorset (Mr. Letwin), particularly those about the financial impact on these companies, were little more than tittle-tattle. He has not produced one scintilla of evidence in the whole debate to...

Orders of the Day — Finance Bill: Double Taxation Relief (3 May 2000)

Mr Nigel Beard: The document in which that appears is the Finance Bill, and it is also in the explanatory notes. There has been wide consultation. As my hon. Friend said, nobody who had considered the Inland Revenue document on double taxation relief for companies and other documents over a period of 18 months could have been unaware that such an issue would arise. My hon. Friend has outlined the discussions...

Orders of the Day — Finance Bill: Double Taxation Relief (3 May 2000)

Mr Nigel Beard: My hon. Friend was at that point quoting the people who had been consulted, and their responses. She was therefore not likely to quote a Government document that outlined what had already been said. [Interruption.] The hon. Member for West Dorset has spent most of the evening convulsed with amusement. I cannot see that the joke is other than on him for having made such a to-do about...

Orders of the Day — Finance Bill: Double Taxation Relief (3 May 2000)

Mr Nigel Beard: I will give way in a moment, but I wish to continue with my list. The pretence was that there was no purpose in the provision and that it was there merely to damage the United Kingdom, or almost; it was the red saboteurs—the parliamentary equivalent of the ones outside. That was the level of the speech, and it needs knocking. Another argument, which must be taken seriously, is that the...

Orders of the Day — Finance Bill: Double Taxation Relief (3 May 2000)

Mr Nigel Beard: The position that I detect from the hon. Gentleman's theme is similar to the one he adopted when he dealt with the previous theme—indeed, it resounds through the Opposition. It is to be on the side of anyone who is relieving businesses and other people of tax. In this case, we are seeing a last-ditch stand to defend a Government of 20 years who were lax on the tax system against a...

Orders of the Day — Finance Bill: Double Taxation Relief (3 May 2000)

Mr Nigel Beard: Subsequently.

Orders of the Day — Finance Bill: Double Taxation Relief (3 May 2000)

Mr Nigel Beard: Will the hon. Gentleman give way?

Orders of the Day — Finance Bill: Double Taxation Relief (3 May 2000)

Mr Nigel Beard: My right hon. Friend the Paymaster General has dealt with that point in detail. She said that the Inland Revenue undertook an exercise involving all companies to which the legislation would apply and that it had worked through half of those 400 companies to try to work out the implications of the legislation. That is the source of the figures that my right hon. Friend gave, which are orders...

Orders of the Day — Finance Bill: Double Taxation Relief (3 May 2000)

Mr Nigel Beard: I thank the hon. Gentleman for giving way to me again. He has not said what criticism he has of the methodology that my right hon. Friend the Paymaster General has set out. We have heard only the vague comment that the Government picked the wrong starting date [Interruption.] The hon. Member for West Dorset (Mr. Letwin) is shouting from a sedentary position, but the sources that he quoted...

Orders of the Day — Finance Bill: Double Taxation Relief (3 May 2000)

Mr Nigel Beard: Will the hon. Gentleman give way?

Orders of the Day — Finance Bill: Provision of Services Through Intermediary (3 May 2000)

Mr Nigel Beard: Labour Members' derision had nothing to do with a person going bankrupt. It was prompted by the absurdity of attributing going out of business to legislation that has not yet been passed.

Orders of the Day — Finance Bill: Double Taxation Relief (3 May 2000)

Mr Nigel Beard: Is the hon. Gentleman suggesting that when PricewaterhouseCoopers was asked for instances of companies that would suffer from the proposed legislation, it was not able to quote even one?

Orders of the Day — Finance Bill: Provision of Services Through Intermediary (3 May 2000)

Mr Nigel Beard: Can the hon. Gentleman suggest a motive for people to leave full-time employment and set up a personal service company other than tax evasion?

Orders of the Day — Finance Bill: Provision of Services Through Intermediary (3 May 2000)

Mr Nigel Beard: I understand the point that people who are employed on a casual basis may have a greater reward than those who are employed on a regular basis, but that should be given in their salary or payment. Why should it be given through the tax system?

Orders of the Day — Finance Bill: Provision of Services Through Intermediary (3 May 2000)

Mr Nigel Beard: Is the gist of the hon. Gentleman's case that there is a shortage of computer industry workers, some of whom have gone abroad, so we should try to attract them back by making tax dodging easier?

Orders of the Day — Finance Bill: Provision of Services Through Intermediary (3 May 2000)

Mr Nigel Beard: I am following the hon. Gentleman's argument, but I do not understand why he seems to believe that someone who is employed in a major company in a particular role should be able to leave to set up a personal service company—for all sorts of reasons; perhaps for some of those that have been mentioned—and enjoy tax or national insurance privileges as a result. Surely the hon. Gentleman is...


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