Mr. T. WILSONasked the Chancellor of the Exchequer whether the temporary pension of a discharged soldier who obtains employment is added to his earnings for the purpose of levying Income Tax?
§ Mr. BONAR LAWI would refer the hon. Member to the answer given to the hon. Member for York on the 12th December last in reply to a question on this subject. I am sending the hon. Member a copy.
§ Mr. WILSON-FOXasked the Chancellor of the Exchequer if, with a view to encouraging the investment of British capital within the Empire, he will consider the advisability of imposing a somewhat higher rate of Income Tax in respect of income derived from investments of such capital in foreign territory than is or may be charged upon income derived from capital invested within the Empire?
§ Mr. BONAR LAWMy hon. Friend's suggestion involves considerations which cannot be adequately dealt with by way of question and answer. But I may remind him that under the provisions of Section 43 of the Finance Act, 1916, some measure of relief from United Kingdom Income Tax is already allowed in respect of income which has been assessed to a Dominion Income Tax.