text_body: --- DIVISION TITLE ---
  
  Finance Bill - New Clause 12 - Report on Tax Advantages Arising From Abusive Tax Arrangements
  
  --- MOTION EFFECT ---
  
  
  @ MP voted aye for a report setting out further proposals to reduce the tax advantages arising from tax arrangements that are abusive.
  @ MP voted no against requiring a report setting out further proposals to reduce the tax advantages arising from tax arrangements that are abusive.
  
  
  The majority of MPs voted against requiring a report setting out further proposals to reduce the tax advantages arising from tax arrangements that are abusive.
  
  MPs were considering the Finance Bill[1]. The proposed new clause which was rejected in this vote stated:
  
  :â(1) The Chancellor of the Exchequer shall, within six months of this Act receiving Royal Assent, publish and lay before the House of Commons a report setting out further proposals to reduce the tax advantages arising from tax arrangements that are abusive.
  
  :(2) The report referred to in subsection (1) must in particular include proposals aboutâ
  :(a) the exemption from the obligation to deduct tax on yearly interest in respect of interest received on a quoted Eurobond contained in [http://www.legislation.gov.uk/ukpga/2007/3/section/882 section 882 of the Income Tax Act 2007];
  :(b) disguised employment in the construction sector; and
  :(c) the use of dormant companies as a means of tax avoidance.
  :(3) The report referred to in subsection (1) must set out the estimated impact of the proposals contained in the report on the total receipts paid to the Exchequer.â
  
  ==
  
  * [1] [http://services.parliament.uk/bills/2014-15/finance.html Parliament's webpage on the Finance Bill 2013-14 to 2014-15]
  
  
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  