Corporation Tax (Hansard, 16 December 1964)

HC Deb 16 December 1964 vol 704 c97W 97W

§ Mr. Biffen
asked the Chancellor of the Exchequer if, consequential to the proposed corporation tax, he intends to have a withholding tax on dividends paid to overseas investors in United Kingdom companies at a rate lower than the United Kingdom standard rate of Income Tax; and if he will make a statement.

§ Mr. MacDermot
I have nothing to add to the Answer which my right hon. Friend gave on 8th December.

UNITED KINGDOM PRIVATE INVESTMENT ABROAD (Net of disinvestment: £ million)

1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 (First Half)^*

—127 —173 —238 —182 —258 —298 —307 —311 —314 —321 —253 —309 —215

NOTES
^* provisional
— = net investment abroad as recorded in the United Kingdom balance of payments

UNITED KINGDOM PRIVATE INVESTMENT ABROAD (Net of disinvestment: £ million)
1952	1953	1954	1955	1956	1957	1958	1959	1960	1961	1962	1963	1964 (First Half)^*
—127	—173	—238	—182	—258	—298	—307	—311	—314	—321	—253	—309	—215