§ 8 and 9. Mr. Arbuthnotasked the Chancellor of the Exchequer (1) what action is being taken to arrange, on a basis of reciprocity, for relief in respect of the Indian Estate Duty Act which subjects to Indian estate duty shareholdings in companies registered in the United Kingdom, when the majority of the income of the company arises in India;
§ (2) what action is being taken to arrange for relief, on a basis of reciprocity, from the provisions of the Indian Estate Duty Act which places upon companies, rather than upon the deceased estates concerned, the responsibility for paying estate duties which arise under the Act.
§ Mr. Boyd-CarpenterHer Majesty's Government, and, I understand, the Indian Government both appreciate the desirability of an agreement for the avoidance of double death duties between this country and India, and I hope that it will be possible to commence negotiations before long.