§ 70. Mr. Teelingasked the Chancellor of the Exchequer whether he is aware of the hardship imposed upon British firms operating in Brazil and other countries from which only a limited proportion of profits can be remitted, in view of the fact that the present arrangements involve such firms in finding sterling from resources other than the profits which are taxed, to pay such taxation; and if he will now take steps to arrange for the deferment of the tax charge involved until the profits have actually been received or are remittable in sterling.
§ Mr. GaitskellI could not arrange for any general deferment of collection such as the hon. Member suggests; but where the tax in question cannot be paid without serious hardship the Inland Revenue authorities are prepared to allow payment to stand over until funds to meet it become available.