TAXATION OF PROFITS AND INCOME (ROYAL COMMISSION) (Hansard, 24 October 1950)

§ 47. Mr. Diamond
asked the Prime Minister whether he has any further statement to make about the Royal Commission on the Taxation of Profits and Income.

§ The Prime Minister
The King has been pleased to approve the appointment of the right hon. Lord Justice Cohen as Chairman of the Royal Commission to be set up to inquire into the present system of taxation of profits and income. The precise terms of reference and the full composition of the Royal Commission will be announced shortly.

§ Mr. H. Hynd
Can we have an assurance from the Prime Minister that Lord Justice Cohen is not a trade union official?

§ Mr. Ellis Smith
When considering the terms of reference, will my right hon. Friend consider making them as comprehensive as possible, so that a full investigation can take place?

§ The Prime Minister
Yes, Sir. I will take that point into consideration.

§ Mr. Osborne
In view of the importance of the matter, will the Prime Minister press that the report shall be made as quickly as possible?

§ The Prime Minister
One always wants reports made as quickly as possible, but, of course, it is a matter for the Commission.