§ Mr. Sorensenasked the Secretary of State for the Colonies which Colonies have introduced an Excess Profits Tax; and whether colonial companies registered in England pay the whole of the Excess Profits Tax to the British Exchequer?
§ Colonel StanleyThe following Colonial Governments have enacted legislation for imposing an Excess Profits Tax:—Aden, British Guiana, Ceylon, Jamaica, Kenya, Mauritius, Northern Rhodesia, Seychelles, Tanganyika Territory, Trinidad, Uganda and Zanzibar. In the case of companies registered in the United Kingdom and trading in the Colonies, provision is made in the legislation of the 1705W United Kingdom and the Colonies the effect of which is that the total Excess Profits Tax payable is shared between the Governments concerned.