HC Deb 14 December 1933 vol 284 cc553-4W
Mr. D. G. SOMERVILLE

asked the Financial Secretary to the Treasury with what foreign countries arrangements have been made for relieving from double Income Tax shipping and air transport profits and other profits derived from business carried on through agencies; with what countries negotiations for such arrangements are now under way; and what are the prospects of their reaching a successful conclusion in the near future?

Mr. HORE-BELISHA

Arrangements for relief from double Income Tax have been made or are under negotiation with the following foreign countries:

As regards shipping profits:

Arrangements have been made with the United States of America, Denmark, Norway, Sweden, Finland, the Netherlands, Germany, Iceland, Greece, Japan and France. Arrangements with Belgium, Spain, the Netherlands Colonies and Brazil are under negotiation.

As regards certain profits derived from agencies:

Arrangements have been made with Sweden and Switzerland, and are under negotiation with France, Germany, Belgium, the Netherlands, Italy, Finland and Greece.

As regards air transport profits:

No arrangements have yet been made, but negotiations are in progress with France, Germany and Belgium.

In addition, arrangements as regards shipping profits have been made with Canada, and negotiations are in progress with various Dominions and with India regarding agency or air transport profits. As regards the last part of the question, the negotiations are not equally advanced in relation to all the countries named, but in some cases a successful conclusion is anticipated at no very distant date.