Taxation: Income Tax Debate

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Department: HM Treasury

Lord Howarth of Newport

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Central Asia

Taxation: Income Tax

Lord Howarth of Newport Excerpts

NHS: Mid-Staffordshire NHS Trust
Monday 24th June 2013

(11 years, 6 months ago)

Lords Chamber
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Lord Newby Portrait Lord Newby
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My Lords, I do not have that figure immediately to hand, but it was very significant. It was more than the potential loss of revenue from reducing the top rate of tax.

Lord Howarth of Newport Portrait Lord Howarth of Newport
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My Lords, Colbert famously said that the art of taxation is to raise the maximum of revenue with the minimum of squawking. This Government are raising their revenue with a maximum of purring. Should that not make us suspicious?

Lord Newby Portrait Lord Newby
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No, my Lords.

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