Dividend Tax Credits (Hansard, 18 July 2002)

HC Deb 18 July 2002 vol 389 c467W 467W

§ 28. Miss McIntosh
To ask the Chancellor of the Exchequer what recent assessment he has made of the impact of dividend tax credits on the level of savings. [68429]

§ Ruth Kelly
No such assessment has been made. The abolition of payable tax credits was part of a wider reform of corporate taxation, including lower rates of corporation tax, designed to foster economic growth and in time generate better rates of return for savers and investors generally.