§ 51. Sir T. Beamishasked the Chancellor of the Exchequer what profit before tax must be earned by a company to enable it to distribute a dividend of £100 net after the payment of corporation tax at 45 per cent. and Schedule 12 income tax; and what was the profit required to distribute the same dividend after the payment of profits tax and income tax in 1964.
§ Mr. Harold LeverAbout £309 and £216 respectively.