Share Dividends (Income Tax)

Part of Oral Answers to Questions — Treasury – in the House of Commons am 12:00 am ar 13 Mawrth 1997.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Mr Colin Shepherd Mr Colin Shepherd , Hereford 12:00, 13 Mawrth 1997

Does my right hon. Friend agree that the tax derived would be much less if there were a windfall tax? Would not the 5 million shareholders who would pay for that tax through reduced dividends also have the value of their shares reduced accordingly?