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No To Retro Tax – Campaign Against Section 58 Finance Act 2008
based on some of the earlier comments and SB's twitter not really expecting NC1 to go through today. However I Think there is probably a lot riding on the nature of the debate to see if there looks like we have any traction post committee. IT doesnt all rest of the finance bill.
"I have also learned that the public care very little for the bread and butter business of legislating. The only clause which has attracted significant public interest has been New Clause 1, which would repeal retrospective action to close an obviously abusive and wrong tax avoidance scheme. In researching it, I have found what a vile and corrupting business politics can be when high principle meets the messy and unpleasant reality of people’s conduct.
"I have also learned that the public care very little for the bread and butter business of legislating. The only clause which has attracted significant public interest has been New Clause 1, which would repeal retrospective action to close an obviously abusive and wrong tax avoidance scheme. In researching it, I have found what a vile and corrupting business politics can be when high principle meets the messy and unpleasant reality of people’s conduct.
I look forward to moving the clause later today.
"
interesting comment, not sure I get if he is having a swipe at us, or HMRC or everyone involved!?
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