Captain SHAWasked the Chancellor of the Exchequer whether the Government still view the Excess Profits Duty as a purely war measure; and if he can promise that this duty will be withdrawn at an early date after peace has been signed?
§ Mr. BALDWINMy right hon. Friend agrees with his predecessors that the present Excess Profits Duty is not suited to be a part of our permanent post-war system of taxation.
§ 95. Mr. G. LOCKER-LAMPSONasked whether the Government will abolish the present exceptions to liability to Excess Profits Duty, so that all profits shall be brought within the charge?
§ Mr. BALDWINThe scope of the Excess Profits Duty has been determined by Parliament after full discussion, and it is not possible for me to deal adequately with separate aspects of the duty by way of question and answer.