HC Deb 17 May 1966 vol 728 cc209-10W
56. Mr. Weatherill

asked the Chancellor of the Exchequer if he will take steps to avoid Corporation Tax liability falling on family-owned close companies which is not borne equally by much wealthier public companies.

Mr. Diamond

I assume the hon. Member has in mind the provisions restricting the deduction allowed for director's re- muneration and for certain kinds of interest. I do not propose to abolish these restrictions.

Forward to