HC Deb 02 August 1976 vol 916 cc593-4W
Mr. Stott

asked the Chancellor of the Exchequer if he will publish in theOfficial Report a table setting out the comparative rates of company tax in the United Kingdom and the other EEC countries.

Mr. Denzil Davies

I assume the hon. Member is referring to nominal rates of company tax. Effective rates depend on both the particular system of company tax operating in each country and the definition of taxable profits. They are therefore not readily comparable. Nominal rates of company tax are as follows:

United Kingdom

  • 52 per cent. (a) (d)

Belgium

  • 48 per cent. (a) (d)

Denmark

  • 37 per cent.

France

  • 50 per cent. (d)

Germany

  • 52.53 per cent. on undistributed profits
  • 15.45 per cent. on distributed profits (b) (c)

Ireland

  • 50 per cent. (a) (d)

Italy

  • 25 per cent. (b)

Luxembourg

  • 40 per cent. (a) (b)

Netherlands

  • 48 per cent. (a)