5 Thursday 26 April 2012 PUBLIC BILL COMMITTEE

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5 Thursday 26 April 2012 PUBLIC BILL COMMITTEE

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,page4,line12, 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.’. 6 Public Bill Committee Proceedings: 26 April 2012 Finance (No. 4) Bill, continued Ed Balls Rachel Reeves Owen Smith Cathy Jamieson Chris Leslie Not called 11 Clause 5,page4,line12, 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,page4,line12, 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,page4,line19, 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.

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