Economic Affairs Committee - Third Report
The Finance Bill 2009
Here you can browse the report which was ordered by the House of Lords to be printed 16 June 2009.
CONTENTS
Terms of Reference
REPORT
CHAPTER 1: INTRODUCTION
CHAPTER 2: GENERAL ISSUES
Consultation on Foreign Profits
Consultation on Taxation of Pensions
Consultation on Wider Issues
International Competitiveness
Taxation of Pensions
The Effect of Other Issues
CHAPTER 3: THE TAXATION OF PENSIONS
The substantive change from 2011
Structure of pensions tax relief
Employers' Contributions
Defined benefit and defined contribution
schemes
Marginal rates
An alternative approach
The anti-forestalling Schedule
The need for the Schedule
Complexity
Less regular contributions
CHAPTER 4: TAXATION OF FOREIGN PROFITS
The Present Round of Consultation
The Overall Package
Dividend Exemption
The Debt Cap
The Outcome in Practice
Complexity
The Case for Delaying Implementation
Controlled Foreign Companies
Treasury Consents
CHAPTER 5: REAL ESTATE INVESTMENT TRUSTS
The experience of REITs to date
Finance Bill measures
Measures to help REITs in the current economic
circumstances
Longer term structural reforms: residential
REITs
New REITs
CHAPTER 6: CONCLUSIONS AND RECOMMENDATIONS
Taxation of Pensions
Taxation of Foreign Profits
Real Estate Investment Trusts
APPENDIX 1: The Finance Bill Sub-Committee
APPENDIX 2: List of Witnesses
APPENDIX 3: Glossary
NOTE: References in the text of the report are as
follows:
(Q) refers to a question in oral evidence
(p) refers to a page of written evidence
The Report of the Committee is published in Volume I, HL Paper
No 113-I
The Evidence of the Committee is published in Volume II, HL Paper
No 113-II
MINUTES OF EVIDENCE - VOLUME II (HL 113-II)
WRITTEN EVIDENCE - VOLUME II (HL 113-II)
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