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04 July 2007
Text of request:
(Please may I have) advice to ministers concerning the decision to reduce the rate of payable tax credit on dividends in the 1993 Budget.
Text for disclosure:
In 1993 the Government reduced the rate of the payable tax credit on dividends, from 25% to 20%. The information released constitutes the advice provided to ministers in considering this decision from its inception up to Budget 93. It includes estimates of its effect as well as suggestions for presentation.