§ 52. Mr. Bruce-Gardyneasked the Chancellor of the Exchequer what steps he intends to take to reverse the present discrimination in United Kingdom company taxation against distributed profits, and in favour of retained profits, to bring it more closely into line with the evolution of company taxation within the European Economic Community which Her Majesty's Government is now seeking to join.
§ Mr. MacDermotAs my right hon. Friend explained in his Budget Speech, he will consider any tax changes that may become necessary when the future of our relationship with Europe becomes clearer.—[Vol. 744, c. 1002.]