§ 65. Sir W. DAVISONasked the Chancellor of the Exchequer whether his attention has been called to the practical immunity from British taxation enjoyed by the American film industry in respect of their large profits made in this country, which are estimated at many millions sterling; and whether he will take steps, following the example of the United States of America, to tax profits made by foreigners whose films are being exhibited in this country, such taxation not to be less than the standard rate of income tax levied on British citizens?
§ Mr. McNEILLI would refer my hon. Friend to the answer which I gave to my hon. and gallant Friend the Member for Chelmsford (Lieut.-Colonel Howard Bury) on the 15th December last.
§ Sir W. DAVISONIs the matter being further pursued by the Treasury, in view of its importance and of the need for securing additional money for the Treasury?
§ Mr. McNEILLMy hon. Friend will find the answer to that question in the reply to which I have referred him.