Part of Finance Bill – in a Public Bill Committee am 12:30 pm ar 13 Mehefin 2013.
Steven Baker
Ceidwadwyr, Wycombe
12:30,
13 Mehefin 2013
Of course, I would have been delighted to have been elected to Parliament sooner and I assure the hon. Lady that I would have taken this stance then, too. If she looks at my record, she will see that I take these points of view irrespective of the party’s position. I will leave that matter there, if I may, for a moment.
Why are expensive properties wrapped in various devices to avoid tax? It is because taxes are too high. The hon. Member for Edinburgh East mentioned the ingenious schemes that people come up with. When looking at this matter, it can be seen that some of the old adages are true. If we end up with Government Intervention upon Government intervention, tax upon tax and complexity everywhere, outcomes will be produced that were not intended. If we had sound money that held its value, low simple taxes and allowed people to get on with their lives in a free society, we would not need clauses 91 to 172, because houses would not be so expensive and it would not be necessary to hide their value from the tax man.
A parliamentary bill is divided into sections called clauses.
Printed in the margin next to each clause is a brief explanatory `side-note' giving details of what the effect of the clause will be.
During the committee stage of a bill, MPs examine these clauses in detail and may introduce new clauses of their own or table amendments to the existing clauses.
When a bill becomes an Act of Parliament, clauses become known as sections.
An intervention is when the MP making a speech is interrupted by another MP and asked to 'give way' to allow the other MP to intervene on the speech to ask a question or comment on what has just been said.
