§ 67. Mr. WILSON-FOX
asked the Chancellor of the Exchequer whether he is aware that the Government of the Union of South Africa has announced its intention of imposing an Excess Profits Tax of 25 per cent. for war purposes; whether he is aware that such a tax, if imposed, will affect a number of companies which now pay Excess Profits Duty in the United Kingdom; and whether he will consider the justice and expediency in such cases of allowing such companies to deduct from the amount due for Excess Profits Duty in the United Kingdom any amount which they may have to pay as Excess Profits Tax in the Union?
§ Mr. BONAR LAW
I am aware of this proposal, but, as my hon. Friend will appreciate, I cannot anticipate my impending Budget statement.