Results 1–20 of 579 for speaker:Peter Dowd

Public Bill Committee: Finance Bill: Deemed domicile: income tax and capital gains tax (19 Oct 2017)

Peter Dowd: In the light of what has been said today, we may want to tease out the matter of non-doms further at a later date, but let us be clear: there is nothing wrong with being a non-dom. It is not an illness or a disease. It is not something that we want to eradicate absolutely. We do not want to tell non-doms to go home or to go back to where they lived. This is not about that; it is about...

Public Bill Committee: Finance Bill: Deemed domicile: income tax and capital gains tax (19 Oct 2017)

Peter Dowd: I think the Minister misrepresents what I was saying. I was trying to say that we need to push harder. The reality is that HMRC does as good a job as it possibly can given its resource. I suspect that if its resource were returned to the previous level, HMRC would do an even better job.

Public Bill Committee: Finance Bill: Deemed domicile: income tax and capital gains tax (19 Oct 2017)

Peter Dowd: As ever, it is a pleasure to work under your stewardship, Mr Walker, and your perfect pronunciation of the word “schedule”. I would like to deal with the Government’s overall intention behind this group of clauses and schedules reforming non-domiciled status. Under the measures being introduced through the Bill, an individual who has been resident in the UK for 15 out of the...

Public Bill Committee: Finance Bill: Deemed domicile: income tax and capital gains tax (19 Oct 2017)

Peter Dowd: I actually was going to bring that, but the Chair has difficulty enough pronouncing English to check me on my Latin. Added to that, we had a zombie Parliament throughout the summer, with the Minister announcing that the measures would not be brought back until September. In total, that means that the best-advised non-doms will have had two years’ advance notice, while even those with...

Public Bill Committee: Finance Bill: Deemed domicile: income tax and capital gains tax (19 Oct 2017)

Peter Dowd: That is a very good point. It is also actually creating an awful lot of work for us, the amount of times we have asked for this to be dealt with. It is getting pretty repetitive. I do not know how many times we have to ask for this to be dealt with once and for all; no doubt we will come back to it time and again until something is sorted out. This is not only about non-doms using offshore...

Public Bill Committee: Finance Bill: Deemed domicile: income tax and capital gains tax (19 Oct 2017)

Peter Dowd: What we need is a fair taxation system—that is the key. I do not think it is beyond the wit of this Government or any Government, for that matter, to deal with that. That is not to say that we have not moved some. That would not be appropriate. We have moved on.

Public Bill Committee: Finance Bill: Deemed domicile: income tax and capital gains tax (19 Oct 2017)

Peter Dowd: It is a moving feast. Dealing with tax avoidance is—to use the old hackneyed phrase—a process, not an event. That process, at different times over the decades, moves along at different paces and with varying levels of enthusiasm. We have to set the tone and send the message from this place that we will tackle tax avoidance wherever we see it occurring. We should all do that as...

Public Bill Committee: Finance Bill: Deemed domicile: income tax and capital gains tax (19 Oct 2017)

Peter Dowd: That is a fair point. I will hang on every word the Minister says when he explains that today; he will have my full attention and concentration. The convention of the limit on parliamentary scrutiny, particularly at a time when the Government do not have a parliamentary majority, risks enfeebling the Opposition by denying us the ability to properly scrutinise the Government and their...

Public Bill Committee: Finance Bill: Museum and gallery exhibitions (19 Oct 2017)

Peter Dowd: Which is a shame, I have to say. The Minister referred to consultation. Consultation about what we want to do in the future, what people would like to see from the relief and how it might operate is in advance of the implementation. We consult, and we think this or that is a good idea, but it is also important to find out whether the relief has had the effect that the consultation wanted to...

Public Bill Committee: Finance Bill: Museum and gallery exhibitions (19 Oct 2017)

Peter Dowd: I understand where the Minister is coming from in his reference to a review-fest. I referred earlier to the size of the Bill, which is one of the longest Finance Bills in the history of Parliament. Given that the Government have started the festival off with the size of the Bill, we are perfectly entitled to a festival on reviews of that huge Bill. I am sure the Minister agrees with that.

Public Bill Committee: Finance Bill: Museum and gallery exhibitions (19 Oct 2017)

Peter Dowd: No doubt all hon. Members support these measures, which will see more people, particularly children and young people, having the opportunity to access touring museum and gallery exhibitions and expand their educational horizons. The United Kingdom leads the way with its diverse range of museums and galleries. It is estimated that there are 2,500 museums and galleries in the UK, which...

Public Bill Committee: Finance Bill: Corporate interest restriction (19 Oct 2017)

Peter Dowd: I do not think that the Minister has recognised the paradigm shift in the public’s view of PFI. In fact, Mr Howarth, as you know, in the area where we live there is a big debate at the moment about a significant infrastructure project, which is creating all sorts of tensions because of the implications of the way it is constructed. I am not criticising anybody, because all political...

Public Bill Committee: Finance Bill: Corporate interest restriction (19 Oct 2017)

Peter Dowd: It is again a pleasure to serve under your stewardship, Mr Howarth. I thank my hon. Friend for tabling the amendment, which seeks a review of the effect that the measures we are discussing will have on PFI companies. The Government blithely assert, including in their notes on the Bill, that companies involved in public benefit infrastructure spending are an inherently low risk for tax...

Taxes on Small Businesses — [Ms Nadine Dorries in the Chair] (18 Oct 2017)

Peter Dowd: It is a pleasure to serve under your stewardship today, Ms Dorries. I thank the hon. Member for St Ives (Derek Thomas) for initiating this important debate. We all recognise that small businesses are the backbone of our economy. Most of us have a family member involved in a small business. They might work for or own a small business, or they might be a partner in a small business, so I would...

Taxes on Small Businesses — [Ms Nadine Dorries in the Chair] (18 Oct 2017)

Peter Dowd: I am pleased that the Minister has brought that to my attention. I bring to his attention Labour’s tax enforcement programme, as well as our manifesto, “Funding Britain’s Future”, and our industrial strategy. I am sure that the Minister has read those avidly and will no doubt revisit them. SMEs find it increasingly difficult to operate around the tricky and...

Taxes on Small Businesses — [Ms Nadine Dorries in the Chair] (18 Oct 2017)

Peter Dowd: I suggest that the hon. Gentleman reads the totality of the document, about the whole environment in which small businesses would operate. It is not a question of one element, but the total environment. That is the point I am trying to get across. It is not one specific thing, such as tax for small or large businesses, but the complete environment in which businesses must operate that we must...

Taxes on Small Businesses — [Ms Nadine Dorries in the Chair] (18 Oct 2017)

Peter Dowd: Of course we have.

Taxes on Small Businesses — [Ms Nadine Dorries in the Chair] (18 Oct 2017)

Peter Dowd: The hon. Gentleman, from a sedentary position, asks for the answer. We are here for the Government to defend their record, not for a defence of what Labour’s record will be. [Interruption.] It is okay for Members to laugh, but the bottom line is that the economy is in chaos. Only yesterday the OECD effectively said that the Government should rethink their position on corporation tax....

Public Bill Committee: Finance Bill: Carried-forward Losses (17 Oct 2017)

Peter Dowd: I tried to set to out as comprehensively as I could, without getting too complicated, complex or specific, why we were concerned to keep tabs on this. Trying to keep tabs on the Government’s proposals has been today’s theme, and that is why we have asked for reviews. In the current climate, when there are so many pressures on public services and a range of challenges for the...

Public Bill Committee: Finance Bill: Carried-forward Losses (17 Oct 2017)

Peter Dowd: We always have to be vigilant—that is the key. Vigilance is crucial. Virtually no one had experienced anything like the banking crisis in living memory. Given that, we have to be on our guard that we do not all breathe such a sigh of relief that it was so long ago that we lose our vigilance.


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