Lord Palmer of Childs Hill
Main Page: Lord Palmer of Childs Hill (Liberal Democrat - Life peer)(3 years, 7 months ago)
Lords ChamberMy Lords, the Government always consider the need to balance raising revenue with the principles of fairness and market efficiency when we take tax decisions. All tax decisions also take into account the impacts of behavioural change for those affected. At any fiscal event, the Government produce and publish policy costings which are scrutinised by the OBR, and these include relevant behavioural impacts on revenue.
My Lords, business asset disposal relief is mistargeted if its aim is to stimulate investment. Does the Minister agree that it has become a form of retirement relief for successful and wealthy entrepreneurs?