§ Sir OWEN PHILIPPS
asked the Secretary to the Treasury whether, in the case of steamers recently owned by a company registered in England and which have now been transferred to a limited company registered in Hong Kong, the British Treasury will lose the Income Tax and Excess Profits Duty on profits earned by such steamers in the future?
§ Mr. BALDWIN
As I informed my hon. Friend on the 6th instant, the Commissioners of Inland Revenue are precluded from disclosing any information relative to the Income Tax and Excess Profits Duty assessments upon particular taxpayers. It is impossible to deal with the criteria of liability by way of question and answer, but as to the general scope of these duties I would refer my hon. Friend to the provisions of Section 2 of the Income Tax Act of 1853, and Section 39 of the Finance (No. 2) Act, 1915.