§ Sir J. Wardlaw-Milneasked the Chancellor of the Exchequer whether he is aware that the Government of India has introduced a Bill to impose an Excess Profits Tax; whether, in these circumstances, he can give an assurance that legislation will be introduced in this country to enable arrangements to be made for reciprocal relief in respect of double Excess Profits Tax as between this country and other parts of the Empire; and whether, under any such arrangements, relief will be given in cases where National Defence Contribution is payable in the United Kingdom to the extent that the National Defence Contribution can be said to cover Excess Profits Tax which would otherwise have been payable if there had been no National Defence Contribution?
§ Sir J. SimonYes, Sir. I propose to include a provision to this effect in the forthcoming Finance Bill. It will cover the point as to National Defence Contri- 2265W bution to which my hon. Friend draws attention.