"11. If he will introduce limits on debt interest deductions used by private equity companies to reduce their corporation tax liabilities...." Michael Connarty - View Speech
"I thank the Minister for that extremely interesting answer. We all use Boots, but is he aware that Alliance Boots, which is now equity-owned, was funded by £9 billion of loans, which allowed it to write off £1 billion of corporation tax? There is now a complaint by War on …..." Michael Connarty - View Speech
"I do not know if the Chancellor does irony, but does he realise that the fundamental structure of his economic plan is similar to the strategy used by RBS, which was revealed in his own Tomlinson report? RBS looked after its big clients and attacked the financial circumstances of its …..." Michael Connarty - View Speech
"I am glad the Chancellor mentioned the banks. The small businesses in my constituency report that the predatory and risk-averse nature of the banks is still their biggest problem. One particular company has large contracts, including one in Parliament, which the banks have funded and which has just got started …..." Michael Connarty - View Speech
"I must chide my hon. Friend. If he reads the reports on alternatives to Trident, he will see that even the one on the future of Barrow-in-Furness makes the very important point that no one should ever argue for making weapons of mass destruction on the basis of employment, because …..." Michael Connarty - View Speech
"That was a specific point, but I want to say that it is not only Members of the right hon. Gentleman’s party who have serious questions about primacy. On the European Scrutiny Committee, there is a cross-party problem in particular with the President of the EU’s report “Towards a Genuine …..." Michael Connarty - View Speech
"I have news for the hon. Member for North East Somerset (Jacob Rees-Mogg). Bill Gates was not an academic. Indeed, the hon. Gentleman might want to make a comparison with his own career, which his declaration of interest shows to have been in banking. He has defended that business strongly. …..." Michael Connarty - View Speech
"That is part of a separate debate, but I agree that all territories controlled by any of the world’s major economies should be not just transparent, but properly taxed. Just because someone sticks a name on a door in the Cayman Islands and pays a Cayman citizen theoretically to be …..." Michael Connarty - View Speech
"I am very grateful to be called to contribute to this debate, particularly since some Members have decided to put Europe, which is one of my interests, firmly on the agenda.
This debate should be framed in the context of a paper passed by the Council of Europe in the …..." Michael Connarty - View Speech
"My hon. Friend is asking questions, but not pointing fingers. Does he think it was significant that the Chancellor made a very anti-European statement today? He made it clear that he is in line with the people who are calling for the referendum, and demanding we join them, while the …..." Michael Connarty - View Speech