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Cash Transactions

Volume 928: debated on Monday 21 March 1977

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asked the Chancellor of the Exchequer what would be the cost in direct loss of revenue or recovery of benefit otherwise payable of a provision guaranteeing that no one should be liable to a deduction in the form of tax or loss of entitlement greater than 50 per cent. on any cash transaction; and what would be the eventual gain in revenue through the eventual changes consequent upon such a pension.

I regret that there is insufficient information on which to base the estimates requested.