HC Deb 04 February 1930 vol 234 cc1678-9
49. Mr. ALLEN

asked the Chancellor of the Exchequer whether, in view of the desirability of encouraging investment of capital in home and dominion undertakings, he will, in the coming Budget, adopt the principle of discriminating against income derived from foreign investments and in favour of income derived from home and imperial investments?

The CHANCELLOR of the EXCHEQUER (Mr. Philip Snowden)

I cannot anticipate the Budget statement.

Mr. ALLEN

Is it not a fact that taxation at present discriminates against home capital and in favour of capital invested abroad?

Mr. SNOWDEN

That is a matter of opinion.