National Insurance Contributions (Reduction in Rates) Bill - Second Reading

Part of the debate – in the House of Lords am 4:29 pm ar 12 Rhagfyr 2023.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Lord Sikka Lord Sikka Llafur 4:29, 12 Rhagfyr 2023

As the Minister knows, the taxes levied on dividends and capital gains are lower than the taxes on wages. If she wants her point to stand, can she explain why capital gains and dividends are taxed at a lower rate than wages? What is the justification for that?