§ Mr. Ralph Howellasked the Chancellor of the Exchequer what has been the total of United Kingdom taxes on the total income of companies including tax on distributions made by companies but net of investment grants, expressed as a percentage of total company income, for each year since 1960; and what have been the comparable figures for France and Germany over the same period.
§ Dr. GilbertFollowing are the figures available:
A. United Kingdom taxes on the total income of companies, including tax on distributions (including long-term interest payments) made by companies.
B. The same less investment grants.
As a percentage of total company income. A B Year Per cent Per cent 1960 28.2 28.2 1961 27.0 27.0 1962 25.8 25.8 1963 24.8 24.8 1964 26.6 26.6 1965 21.0 21.0 1966 28.7 28.7 1967 29.1 26.4 1968 29.4 24.6 1969 30.3 24.1 1970 27.5 22.5 1971 21.7 16.7 1972 23.3 20.6 1973 (provisional) 17.5 16.1 Note: The estimates of company income used are of income arising in the year; and of taxes, those accruing on that income; but the figures for investment grants relate to payments received in the year (accruals are not available after 1969).
Comparable figures for France and Germany are not available.