§ 56. Brigadier Prior-Palmerasked the Chancellor of the Exchequer if, in view of the agreements signed between Great Britain and the U.S.A., the result of which is to afford considerable relief in the burden of double taxation, His Majesty's Government are proposing to enter into similar agreements with the Low Countries and France.
§ Mr. DaltonYes, Sir. I hope to start discussions soon.
§ Mr. Heathcoat Amoryasked the Chancellor of the Exchequer whether the Double Tax Convention signed in April, 1945, has yet been ratified by the U.S. Congress, and when this agreement is likely to become effective.
§ Mr. DaltonThe United Kingdom is ready to ratify now, but in the United States the necessary approval of the Senate has not yet been given. When314W ratified, the Convention will have effect retrospectively to the 1st January, 1945, in the United States and the 6th April, 1945, in the United Kingdom.