§ Mr. Trewasked the Chancellor of the Exchequer what was the top marginal rate of tax on earned and investment income, respectively, for the latest available dates, in each of the member countries of the EEC.
§ Mr. NottIt is difficult to make comparisons with other countries of what we would describe as the top marginal rate but subject to many qualifications the information is as follows:
taxation in 1972; and how this compares with 1964 and 1970.
§ Mr. NottTotal taxation—excluding local authority rates and national insurance contributions—represented 29.9 per cent. of GDP in 1972. The comparable figures for 1964 and 1970 were 24.7 and 34.3.