§ Dr. McDonaldasked the Chancellor of the Exchequer if he plans to publish in the forthcoming public expenditure White Paper his estimate of the cost of tax allowances and relief.
§ Mr. Biffen[pursuant to his reply, 29 February 1980]: I ask the hon. Member to await the White Paper, which we expect to publish shortly. This information is in any case published in "Inland Revenue Statistics".
38Wdo not include corporation tax on the capital gains of companies.
§ Mr. McCrindleasked the Chancellor of the Exchequer if he will estimate the saving in the cost of collection if ordinary shares were exempted from charge to capital gains tax.
§ Mr. Peter Rees[pursuant to his reply, 29 February 1980]: Precise information is not available, but the best estimate which can be made is that the saving this year might have been in the region of £2 million to £3 million.