HC Deb 21 July 1953 vol 518 c14W
36. Mr. Skeffington

asked the Chancellor of the Exchequer whether, in order to encourage pioneer industries in underdeveloped areas of the British Commonwealth by British firms, he will consider a system of tax remission for an initial period of five years.

Mr. Maudling

The Royal Commission on the Taxation of Profits and Income made a recommendation on this subject in their First Report and it was fully discussed during the Committee stage of the Finance Bill. As I have explained, my right hon. Friend will consider the matter again when the Royal Commission have made their final report.