§ 45. Mr. MITCHESONasked the Chancellor of the Exchequer whether he will consider taking steps to ensure that foreign firms with factories in Great Britain have to contribute towards Surtax out of profits made in this country?
Mr. CHAMBERLAINProfits of foreign concerns arising from trading in the United Kingdom are liable to Income Tax at the standard rate and may in certain circumstances be subject to Surtax in the hands of individuals. As at present advised, I am not prepared to discriminate in the matter of Surtax against foreigners who set up factories in this country.