§ 73. Mr. Broadasked the Chancellor of the Exchequer whether the football-pool companies also engaged in retail storing are subject to separate assessment of Income Tax on their retail business as apart from football-pool business?
§ Captain WallaceAll business profits are liable to assessment to Income Tax, but where businesses are carried on by separate companies each company would be separately assessed.
§ Mr. Garro JonesIs this company allowed to set off its losses on developing retail store businesses against its profits on the pools, and does the right hon. Gentleman realise that, if so, the Board of Inland Revenue is financing those businesses?
§ Captain WallaceThis question is put down in general terms. There is no reference to any particular company, and if the hon. Gentleman likes to ask about any particular company I will give him any information I can.