§ Dr. CHAPPLEasked the Chancellor of the Exchequer whether his attention has been drawn to the burden of contribution in relation to profit that will, under the Insurance Bill, fall on laundry proprietors on account of the number of persons whom they employ in relation to the small profits they make; and whether he would consider the advisability of giving a rebate in Income Tax to all those employers whose annual contributions under the Bill exceed 50 per cent. of the amount assessed to them for Income Tax?
Mr. McKINNON WOODI do not quite understand the nature of the rebate that my hon. Friend means to suggest. My right hon. Friend has already stated that, although he cannot of course pronounce upon the interpretation of the Income Tax Acts, he knows no reason to suppose that the employers' contributions under the Bill will not be a deductable expense in arriving at his income for the purposes of Income Tax.