HC Deb 10 December 1908 vol 198 cc722-3
MR. FELL (Great Yarmouth)

To ask Mr. Chancellor of the Exchequer if he proposes, before the introduction of the next Budget, to hold an inquiry into the incidence of income-tax and the anomalies that exist in charging the tax upon returns from wasting securities and on the profits of companies which are not divided among the shareholders, but on which, if divided, they could get reductions.

(Answered by Mr. Lloyd-George.) These questions were fully considered by Lord Ritchie's Committee in 1905, and they recommended that no change should be made into the existing law. I do not think that a further inquiry at the present time would serve any useful purpose.