House of Commons Public Bill Committee Proceedings

Session 2010 - 12
Internet Publications
Other Bills before Parliament

5

House of Commons

Thursday 26 April 2012

Public Bill Committee Proceedings

Finance (No. 4) Bill

(Except Clauses 1, 4, 8, 189 and 209, Schedules 1, 23 and 33,

and any new Clauses and new Schedules first appearing on the Order Paper not later than

Tuesday 17 April 2012 and relating to value added tax)

[THIRD AND FOURTH SITTINGS]

Clause No. 3.

Amendment (No. 10) proposed, in page 2, line 33, at end add—

‘(3)
The Chancellor of the Exchequer shall review the overall impact on families of

this section compared with other measures the Government is introducing and

place a copy of the review in the Library of the House of Commons.’.—(Owen

Smith).

Question proposed, That the Amendment be made.

Negatived on division

Clause Agreed to.

Ed Balls

Rachel Reeves

Owen Smith

Cathy Jamieson

Chris Leslie

Negatived on division  4

Clause  5,  page  4,  line  12,  at end add—

‘(3)
The Chancellor of the Exchequer shall review the impact of the corporate tax

structure including the principal rates and investment allowances on the level of

business investment, and place a copy of the review in the Library of the House

of Commons.’.

Public Bill Committee Proceedings: 26 April 2012
6

Finance (No. 4) Bill, continued

Ed Balls

Rachel Reeves

Owen Smith

Cathy Jamieson

Chris Leslie

Not called  11

Clause  5,  page  4,  line  12,  at end add—

‘(3)
The Chancellor of the Exchequer shall review the impact of the corporate tax

structure on different sectors and place a copy of the review in the Library of the

House of Commons’.

Ed Balls

Rachel Reeves

Owen Smith

Cathy Jamieson

Chris Leslie

Negatived on division  12

Clause  5,  page  4,  line  12,  at end add—

‘(3)
The Chancellor of the Exchequer shall review the impact of the corporation tax

rate on growth, jobs, and investment in the economy, and produce a plan for jobs

and growth, which he shall lay before the House of Commons.’.

Clause Agreed to.

Ed Balls

Rachel Reeves

Owen Smith

Cathy Jamieson

Chris Leslie

Not called  5

Clause  6,  page  4,  line  19,  at end add—

‘(4)
The Chancellor of the Exchequer shall review the evidence in favour of using

reductions in the headline rate of corporation tax as a means of promoting long

term international competitiveness and place a copy of the review in the Library

of the House of Commons.’.

Clause Agreed to.

[Adjourned until Tuesday 22 May at 10.30 am



© Parliamentary copyright	Revised 27 April 2012