HC Deb 02 July 1914 vol 64 cc549-50
88. Mr. EDMUND HARVEY

asked the Chancellor of the Exchequer whether he can give any further information as to the new Clause which the Government propose to introduce into the Finance Bill to deal with the question of married women and the Income Tax?

Mr. LLOYD GEORGE

I am proposing to put a Resolution and a Clause on the Paper immediately.

89. Mr. STEWART

asked the Chancellor of the Exchequer if, under the Finance Bill of 1914, a British subject resident in the United Kingdom but trading abroad has to pay Income Tax upon that part of his income earned outside of the United Kingdom but not brought back into this country; and whether, under the same Bill, a foreigner resident in the United Kingdom and trading abroad is exempt from Income Tax upon that part of his income earned abroad but not brought back into the United Kingdom?

Mr. LLOYD GEORGE

The liability of residents in the United Kingdom, whether British subjects or foreigners, in respect of the profits of trade carried on abroad, is unaffected by the provisions of the Finance Bill.

Sir J. D. REES

Are not the investments of Indian Civil servants and Indian officers in India liable to taxation under the Bill as it now stands?

Mr. LLOYD GEORGE

I must have notice of that question.

Mr. STEWART

Do I gather from the right hon. Gentleman's answer that foreign and British merchants are treated exactly in the same way under this Bill?

Mr. LLOYD GEORGE

Yes, if they are resident here.