§ Mr. HORNERasked whether, in the event of the Government of Ireland Bill becoming law, it will be in the power of the Irish Parliament to impose a higher rate of Income Tax in Ireland than the Imperial Parliament may be exacting at the same time in Great Britain; and whether residents in Great Britain having investments in Ireland upon which Income Tax is payable in Ireland will under any and, if so, what, circumstances be called upon to pay Income Tax in both countries because of their investments being in Ireland and their domicile in Great Britain?
§ Mr. LLOYD GEORGEUnder the provisions of Clause 15 of the Bill, the Irish Parliament will have power to impose an additional rate of Income Tax in Ireland. In the event of it exercising that power, then Income Tax in Ireland would be levied at the full rate of the Imperial Duty plus the Irish additional rate of duty; but, of course, the Imperial duty would not be levied on the same income both in England and in Ireland The whole duty would be paid into the Imperial Exchequer, and the proceeds of the additional Irish duty (not exceeding one-tenth of the proceeds in Ireland of the Imperial tax) would be transferred to the Irish Exchequer.
§ Mr. MOOREIs it anticipated that any sane person living in Great Britain will have money invested in Ireland?