HC Deb 24 February 1920 vol 125 c1489
58. Sir ROBERT THOMAS

asked the Chancellor of the Exchequer whether he will consider the desirability of placing local authorities in the same position as a private individual in the matter of income tax, so that where local authorities own two or more trade undertakings they shall be entitled to set off against the profits of any one or more of those undertakings the loss which they may incur in any of their other undertakings and be liable to income tax upon the net result?

Mr. CHAMBERLAIN

Consideration of this question must be deferred till the Report of the Royal Commission on the Income Tax has been presented.