§ Mr. GrocottTo ask the Chancellor of the Exchequer how much tax was paid by businesses in the latest year for which figures are available as a proportion of all tax revenue and as a proportion of national income, respectively; and what were the corresponding figures for France, West Germany, Japan and the United States of America.
§ Mr. BrookeData on total taxes paid by all types of business are not available. OECD has published figures for 1985 showing taxes on corporate income as percentages of total tax and GDP. They are as follows:
Total Tax GDP Per cent. Per cent. United Kingdom 12.9 4.9 France 4.3 1.9 West Germany 6.1 2.3 Japan 21.0 5.9 USA 7.1 2.1
§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer whether he will publish in theOfficial Report a table showing the basic rate of corporation, and so on, taxes in the Organisation for Economic Co-operation and Development countries and the amount collected in company taxation per head of the population in the most recent year for which figures are available.
§ Mr. BrookeThe information is given in the table, which is supplemented by explanatory notes.
724W
Company tax rate Tax per head of population per cent. £ Australia 39 194 Austria 55 87 Belgium 43 187 Canada 28 241 Denmark 50 164 Finland 33 97 France 42 126
Company lax rate Tax per head of population per cent. £ Germany 56 170 Greece 49 32 Iceland 51 not available Ireland 50 48 Italy 36 197 Japan 42 398 Luxembourg 36 675 Netherlands 42 200 New Zealand 28 162 Norway 50.8 640 Portugal 45 not available Spain 35 68 Sweden 52 126 Switzerland 9.8 156 Turkey 47.8 38 United Kingdom 35 305 USA 34 190 Notes:
1. The rates of company tax shown are the latest enacted.
2. Lower rates apply to distributed profits in Austria, Germany, Japan, Norway and Portugal. No tax is charged on distributed profits in Greece.
3. There are lower rates for smaller companies in Austria, Belgium, Canada, Finland, Germany, Ireland, Japan, Luxembourg, United Kingdom and USA. There are also lower rates for manufacturing companies in Canada and Ireland and for public companies in Greece.
4. There are in addition local income taxes on companies in Austria, Canada, Finland, Germany, Italy, Japan, Luxembourg, Portugal, Spain, Switzerland and USA.
5. The figures for company tax per head are for 1985, the most recent year for which information is available. They have been converted to sterling using purchasing power parities.