HC Deb 29 April 1941 vol 371 cc347-8
40. Mr. Mander

asked the Chancellor of the Exchequer whether he will consider the advisability of introducing legislation making British subjects, resident or domiciled outside British territory, liable to declare all foreign holdings, and giving the Treasury power to request such British subjects to deliver these holdings, and making them liable to Income Tax, as British subjects outside British territory are under no legal liability to contribute financially to the war?

The Chancellor of the Exchequer (Sir Kingsley Wood)

I have had this matter under consideration, but the enforcement of United Kingdom legislation upon persons and holdings outside the jurisdiction of British courts would involve considerable difficulties.

Mr. Mander

In view of the importance of this matter in reference particularly to the United States, will my right hon. Friend be good enough to listen attentively to any representations which may be made on the subject during the course of the Finance Bill?

Sir K. Wood

Certainly, Sir.