HC Deb 11 April 1928 vol 162 c1231W
Sir J. HOOD

asked the Chancellor of the Exchequer whether, if he is unable to propose the abolition of the Corporation Profits Tax, he will consider the exemption from such tax of companies wholly carrying on business and managed and directed abroad, and which do not earn any profits in the United Kingdom?

Major BOYD-CARPENTER

I am unable pending the Budget statement to answer my hon. Friend's hypothetical question.