§ Mr. Trotterasked the Chancellor of the Exchequer whether he will give an undertaking that after the introduction of the proposed wealth tax no taxpayer will pay more than his total income in income and wealth tax.
§ Mr. Denzil DaviesNo. As foreshadowed in paragraph 72 of the Green Paper on Wealth Tax (Cmnd. 5704), my right hon. Friend does not intend to take final decisions about details of the wealth tax, and its interaction with other taxes, until he has seen the report of the Select Committee on Wealth Tax.