§ Mr. Formanasked the Chancellor of the Exchequer what would be the cost in a full year if all corporate new issues of debt, equity and convertible securities in the domestic market, including rights issues, were free of (a) capital gains tax, (b) liability to investment income surcharge and (c) liability to income tax altogether.
§ Mr. Robert Sheldon, pursuant to his reply [Official Report, 20th November 1978; Vol. 958 c. 475.], gave the following answer:
I regret that information on which to base estimates is not available.
§ Mr. Formanasked the Chancellor of the Exchequer what would be the cost in a full year of extending the capital gains tax exemption on gilt edged securities to all fixed interest stocks.
§ Mr. Robert Sheldon, pursuant to his reply [Official Report, 20th November 1978; Vol. 958 c. 475.], gave the following answer:
I regret that information on which to base a reliable estimate is not available.