Results 161–180 of 3400 for speaker:Mr Denzil Davies

Orders of the Day — Finance Bill (17 Dec 1974)

Mr Denzil Davies: If we have import control of petroleum, and depending on how we wished to enforce it and how much control we wished to impose, we might be pushed into the situation where there would have to be some kind of rationing for private motorists and some kind of quota system for the trade. If not, there would have to be rationing by price. Import controls are emotive matters, especially for...

Orders of the Day — Finance Bill (17 Dec 1974)

Mr Denzil Davies: I accept that this has been said before and I agree that there are dangers. However, we are importing goods which we do not need: we are far too dependent on imports. This country is in a special position as distinct from the countries on the Continent and the United States. This brings me back to my point about being bankrupt. We are so dependent on imports, and as as a result must have...

Orders of the Day — Supply: Public Accounts (13 Jan 1975)

Mr Denzil Davies: I shall not comment on what has been said by the right hon. Member for Down, South (Mr. Powell) because he has plainly made a deeper study of the particular instance of the 1,500 jobs in Northern Ireland than I have, although I was a member of the Committee and I remember the witnesses giving evidence. However, I think it possible that the right hon. Gentleman did not give sufficient weight...

Orders of the Day — Finance Bill: Liability for Tax (6 Mar 1975)

Mr Denzil Davies: I refer to Clause 25(2), which is a complicated subsection. The Opposition may well have understood it correctly, but I believe there is a slight misunderstanding among some Conservative Members when they say that the primary liability falls on the transferor. Clause 25(2) deals with the liability for payment of tax. Subsection (2)(a) says that the persons liable are: the transferor and the...

Orders of the Day — Finance Bill: Reduced Rates for Taxable Gifts to Charities (6 Mar 1975)

Mr Denzil Davies: My hon. Friend the Member for Coatbridge and Airdrie (Mr. Dempsey) made an excellent speech in which he posed a clear and precise example. I have no doubt that my hon. Friend the Financial Secretary will give him the kind of answer that his constituent would like. My hon. Friend was not referring to a typical small business when he referred to assets of £500,000. That does not mean that the...

Orders of the Day — Finance Bill: Reduced Rates for Taxable Gifts to Charities (6 Mar 1975)

Mr Denzil Davies: The point I am making is that if my hon. Friend's constituent owned all the shares in this company on the day before this tax came into operation, and if the shares were worth £500,000, the sum payable wouid not have been very different. That was the position then, and it is much the same today. I am saying that the bill for estate duty would not have been less than he would have to find...

Orders of the Day — Finance Bill: Reduced Rates for Taxable Gifts to Charities (6 Mar 1975)

Mr Denzil Davies: The hon. Gentleman seems to have missed quite a lot. The fact is that £223,000 is not 100 per cent. of £500,000. I do not have the figures, but if what I have is incorrect no doubt my hon. Friend will put me right. I do not think there will be much difference between the position under the old estate duty legislation and what it will be now. If that is right, one can go further and say that...

Orders of the Day — Finance Bill: Reduced Rates for Taxable Gifts to Charities (6 Mar 1975)

Mr Denzil Davies: Given the most favourable interpretation, with all the reliefs, he would have paid £50,000 less, but, as the figures were put, the fact is that there would not be much difference under estate duty and under CTT with figures of that amount. That is perhaps a not wholly unsatisfactory answer. But one is not concerned with a person who holds his assets and dies owning them all. The position...

Orders of the Day — Finance Bill: Reduced Rates for Taxable Gifts to Charities (6 Mar 1975)

Mr Denzil Davies: If he had a 100 per cent. interest in a family company, his son would pay £14,000 spread over eight years, which is £1,750 a year. I am not saying it is a minimal sum. Nobody likes paying tax, but that money would have to be found on a business worth £100,000 if all the shares were given away, and that amounts to £1,750 a year for eight years. It is a burden, but not an unreasonable or...

Orders of the Day — Finance Bill: Reduced Rates for Taxable Gifts to Charities (6 Mar 1975)

Mr Denzil Davies: I never said that a farm of that size would be sold for £100,000. What I said was that using the valuation in the Bill that would be the value for capital transfer tax purposes.

Orders of the Day — Finance Bill: Reduced Rates for Taxable Gifts to Charities (6 Mar 1975)

Mr Denzil Davies: I do not know about stock. I accept that the value of stock would be in addition and so the taxation figure would be a little higher. Many farms of that kind would be owned by companies and the shares would not be given away immediately in one block. I understand that there is an amendment to enable a £1,000 exemption to be accumulated and passed on from year to year if it is not used. That...

Budget Resolutions and Economic Situation (17 Apr 1975)

Mr Denzil Davies: I agree at least in one respect with what the hon. Member for North Fylde (Mr. Clegg) has said. I, too, do not believe that a statutory incomes policy, whatever its merits or demerits in theory, would work in practice, especially at a time of high inflation, because I do not believe it would be accepted by the people of this country. It would, perhaps, be unduly masochistic if I were to say...

Orders of the Day — British Leyland Bill (21 May 1975)

Mr Denzil Davies: Will the hon. Gentleman give way?

Orders of the Day — British Leyland Bill (21 May 1975)

Mr Denzil Davies: On a point of order, Mr. Speaker. In the course of his speech the hon. Gentleman has not said what his proposals would be for the Austin-Morris Division of British Leyland—

Orders of the Day — British Leyland Bill (21 May 1975)

Mr Denzil Davies: I do not think that any hon. Member has argued that the Treaty of Rome inhibits nationalisation. Under Article 92, any aid by a member State which distorts Community competition is void, and the Commission can so declare. Our worry is that aid to British Leyland will be declared void.

Orders of the Day — British Leyland Bill (21 May 1975)

Mr Denzil Davies: I hope that the hon. Member for Wolverhampton, South-West (Mr. Budgen) will forgive me if I do not follow him on the rule of law, Hayek and the road to serfdom. The hon. Gentleman was advocating increased unemployment. I have been brought up to believe that one aspect of serfdom is unemployment. At least we have had more candour from the Opposition back benches than from the Opposition Front...

INDUSTRIAL AND PROVIDENT SOCIETIES BILL [Lords]: Construction, Citation, Amendment, Commencement and Extent (25 Jun 1975)

Mr Denzil Davies: May I first congratulate the hon. Members for Horsham and Crawley (Mr. Hordern) and his hon. Friends on their ingenuity in getting an amendment on Report stage to a Bill not amended in Committee. This is not always normal procedure. The hon. Member has asked me to comment on why the Bill excludes Northern Ireland. There is no sinister reason. This Bill, as the hon. Member knows, seeks to...

Orders of the Day — FINANCE (No. 2) BILL: Travelling Expenses of Local Authority Employees Displaced by Local Government Reorganisation (16 Jul 1975)

Mr Denzil Davies: I thank my hon. Friend the Member for Goole (Dr. Marshall) for his kind remarks at the beginning of his speech and for reminding us of the long and happy hours spent in Committee on the legislation to reorganise local government. With respect, I am not sure whether the time we spent on that reorganisation was productive. Having seen how that reorganisation has turned out I have considerable...

Orders of the Day — FINANCE (No. 2) BILL: Travelling Expenses of Local Authority Employees Displaced by Local Government Reorganisation (16 Jul 1975)

Mr Denzil Davies: The hon. Gentleman has just come into the debate. I suggest that he listens before making such contributions. The law on taxation of travel expenses was not overridden by the Local Government Act 1972. No undertaking could have been given in those debates to override the law, and it is wrong to suggest that the Government are going back on an undertaking when the Revenue is applying the law...

Orders of the Day — FINANCE (No. 2) BILL: Travelling Expenses of Local Authority Employees Displaced by Local Government Reorganisation (16 Jul 1975)

Mr Denzil Davies: The hon. and learned Gentleman is an expert on the English and German fiscal systems. I commend that. I know nothing about the German fiscal system. I concede that the cost of travelling to work is a substantial burden for thousands of people. However, if we tried to frame tax legislation to afford relief to those people we should find ourselves in considerable difficulties. Despite the fact...


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