§ 16. Mr. Duncan-Smith
To ask the Chancellor of the Exchequer what is the main rate of corporation tax in(a) Japan, (b) Germany, (c) France and (d) the United Kingdom.
§ Mr. Dorrell
The current main rates on distributed profits are 37½ per cent. in Japan, 36 per cent. in Germany, 33½ per cent. in France and 33 per cent. in the United Kingdom. In Germany a higher rate of 50 per cent. is applied to undistributed profits.