§ Matthew TaylorTo ask the Chancellor of the Exchequer if it is his policy to ensure that urban regeneration companies benefit from(a) corporation tax credits and (b) other reductions in tax liabilities. [6443]
§ Mr. BoatengThe Government announced in Budget 2001 that they would consider the scope for providing a corporation tax relief for company donations to urban regeneration companies and similar bodies across the UK. This work is on-going.
When making any decision relating to taxation policy, the Chancellor considers all relevant economic, social and environmental factors.