HC Deb 07 May 1952 vol 500 c36W
90. Mr. Smithers

asked the Secretary of State for the Colonies what advice he proposes to give to Colonial Governments in view of the fact that the benefits intended to be conferred upon new industries by colonial legislation exempting them from taxation for a given initial period accrue to the United Kingdom Treasury as a result of the operation of double taxation agreements.

Mr. Lyttelton

The whole question of tax incentives by Her Majesty's Government to industries operating in the Colonies is at present under discussion, and I regret that I can say no more at this stage. I should point out, however, that the difficulties to which my hon. Friend refers were not created by the double taxation agreements. They existed before these agreements came into force.