§ 83. Mr. D. G. SOMERVILLEasked the Chancellor of the Exchequer what progress has been made during the present year towards arranging an international convention to deal with the problem of double taxation?
§ Mr. HORE-BELISHASo far as this Government is concerned, no steps have been taken towards arranging an international convention to deal with the problem of double taxation, and my right hon. Friend does not think that the present moment is favourable for proceeding with this question. As my hon. Friend is aware, the Income Tax Acts already provide for the granting of relief in respect of income that is liable both to United Kingdom Income Tax and to a Dominion Income Tax, and there are also provisions for relief from double Estate Duty within the Empire. Furthermore, arrangements have been made or are under negotiation with various countries for relieving from double Income Tax shipping and air transport profits and profits derived from business carried on through agencies.