Results 21–40 of 3400 for speaker:Mr Denzil Davies

Orders of the Day — Finance Bill (28 Apr 1971)

Mr Denzil Davies: I apologise. I referred to Clause 21 when I meant Clause 22. In any case, the Financial Secretary will no doubt wish to clear up this difficulty when he replies to the debate. If he confirms what I have said, I trust that he will not shelter behind any specious arguments about the administrative inconvenience of taxing the cumulative income of trustees at more than 30 per cent. After all, he...

Oral Answers to Questions — Wales: European Economic Community (3 May 1971)

Mr Denzil Davies: asked the Secretary of State for Wales whether he will make a statement regarding the discussion which his officials have had in Brussels with the officials of the European Economic Community.

Oral Answers to Questions — Wales: European Economic Community (3 May 1971)

Mr Denzil Davies: I welcome those discussions so far as they go, but is the right hon. and learned Gentleman not aware that there is considerable apprehension in Wales that entry into the Common Market would lead to an even greater concentration of industrial development in the South-East and, in particular, that the freedom of movement of capital and assets which would follow entry would render the policy...

Oral Answers to Questions — Wales: Nursery Schools (3 May 1971)

Mr Denzil Davies: asked the Secretary of State for Wales whether he has any plans to accelerate the provision of nursery schools in Wales.

Oral Answers to Questions — Wales: Nursery Schools (3 May 1971)

Mr Denzil Davies: Since it seems that only a minute proportion of children in Wales are able to take advantage of nursery education, and since it is now generally recognised that the years from two to five are crucial for a child's development, is it not time the Government started to show the same urgency in this matter as they seem to show in trying to assist public schools by tax concessions for those who...

Orders of the Day — Finance Bill: Parent and Child — Repeal of Aggre Gation Provisions, and Amend Ment of Settlement Provisions (12 May 1971)

Mr Denzil Davies: The hon. Member for St. Marylebone (Mr. Kenneth Baker) has alluded to one of the arguments which we occasionally hear in favour of disaggregating this income—namely, that disaggregation accords with some major principle of taxation in that one should never, or hardly ever, treat the family as one taxable unit. I submit that there is no such principle in income tax legislation. The hon....

Orders of the Day — Finance Bill: Income Tax Charged at Basic and Other Rates (18 May 1971)

Mr Denzil Davies: The hon. Member for Ilford, South (Mr. Cooper) seemed to be under a misapprehension about the terms "earned income" and "unearned income". It has never been suggested that a person's savings were called either "earned income" or "unearned income". We are concerned with the income from the savings; it is that which we call "unearned income" and which has not been earned by the sweat of a...

Oral Answers to Questions — Wales: Hospitals (24 May 1971)

Mr Denzil Davies: asked the Secretary of State for Wales what recent consultations he has had with the Chairman of the Welsh Hospital Board regarding the future of Llanelly General Hospital.

Oral Answers to Questions — Wales: Hospitals (24 May 1971)

Mr Denzil Davies: Is the Minister of State aware that there is considerable anxiety in my constituency that the establishment of a medical school providing 1,500 beds at Swansea might well lead to the closure of Llanelly Hospital? Would he, therefore, give an assurance that if that medical school is to be in Swansea—which we would welcome—no more than 800 beds will be provided on a single site and that...

Welsh Affairs (10 Jun 1971)

Mr Denzil Davies: Page 9 of the Report "Wales 1970" sums up what has happened in the year in one short sentence. It says: Following changes in the general economic climate in the United Kingdom, the level of forward interest in investment in new building and expansion schemes in Wales fell in the latter half of the year, when the number of enquiries showed a decline. The civil servant who wrote that was not...

Oral Answers to Questions — Wales: Confederation of British Industry (Meeting) (28 Jun 1971)

Mr Denzil Davies: asked the Secretary of State for Wales what plans he has in the near future to meet the Welsh Section of the Confederation of British Industry.

Oral Answers to Questions — Wales: Confederation of British Industry (Meeting) (28 Jun 1971)

Mr Denzil Davies: When the right hon. Gentleman meets the C.B.I. again, will he tell it that the Government are prepared at least to redeem some of the damage by giving industrialists the option of choosing between investment allowances and investment grants, especially bearing in mind that foreign firms—such as American firms—do not get very much benefit out of investment allowances when they invest in...

Orders of the Day — Finance Bill: Income Tax Charged at Basic and Other Rates (7 Jul 1971)

Mr Denzil Davies: The real point of seeking to have a higher basic rate for investment than for earned income is to restore some equity and sense of justice into a Finance Bill that is extremely favourable to supporters of the Conservative Party. By establishing in Clause 29 a basic rate of withholding tax which is based on the present standard rate, less earned income relief, and by then applying that rate...

Orders of the Day — Finance Bill: Income Tax Charged at Basic and Other Rates (7 Jul 1971)

Mr Denzil Davies: No, I mean precisely that the Government are reducing taxes by £110 million in favour of those, basically, who earn £5,000 or more, and who live on capital or on inherited wealth. I do not shrink from that at all. That is what the Government are doing. At the same time they are increasing taxes on the less well-off.

Orders of the Day — Finance Bill: Income Tax Charged at Basic and Other Rates (7 Jul 1971)

Mr Denzil Davies: If the hon. Gentleman were to ask those at the lower end of the scale whether the Government have increased their taxes or not, I have no doubt what their answer would be. The Clause benefits a number of groups of persons, and we should be told the cost to the Exchequer of that benefit. First of all, there are the individuals who will not be subject to investment surcharge. They will get...

Orders of the Day — Finance Bill: Income Tax Charged at Basic and Other Rates (7 Jul 1971)

Mr Denzil Davies: I was not suggesting that they would not benefit. I am complaining that they will benefit. They will pay less tax, because the income they receive is never distributed, which means that it never goes into the hands of the individual and thereby gets taxed at excess rates and attracts the investment surcharge. It is turned immediately into capital and it will benefit by the reduction.

Orders of the Day — Finance Bill: Income Tax Charged at Basic and Other Rates (7 Jul 1971)

Mr Denzil Davies: I was concerned, because the legislation proposes one basic rate. We propose two basic rates, one to apply to earned income and one to apply to investment income. We seek to maintain the differential between earned and investment income. If Clause 29 is enacted these accumulation settlements and trusts will benefit to the extent I have described. In addition they will benefit because they...

Oral Answers to Questions — Wales: European Economic Community (19 Jul 1971)

Mr Denzil Davies: asked the Secretary of State for Wales whether he will publish an account of the discussions concerning regional policies which his officials have now had in Brussels with representatives of the European Economic Community.

Oral Answers to Questions — Wales: European Economic Community (19 Jul 1971)

Mr Denzil Davies: The right hon. and learned Gentleman's answer is entirely predictable, because this is one of the topics which the Government are desperately anxious to sweep under the carpet. As past experience in Wales and in the United Kingdom has been that capital investment always congregates in the most prosperous areas and that labour is forced to follow, can the Secretary of State say how entry into...

Oral Answers to Questions — Wales: European Economic Community (19 Jul 1971)

Mr Denzil Davies: asked the Secretary of State for Wales whether, in view of the possibility of the United Kingdom becoming a member of the European Economic Community, and the current formulation within the Community of a policy on investment incentives, he will ask the Welsh Council to undertake a study of the different forms of investment incentives available within the existing Community countries and the...


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