§ Mr. Iain Millsasked the Chancellor of the Exchequer what was the revenue raised by the taxation of company cars in 1980, 1981, 1982 and 1983 and estimated for 1984.
Starting rate of income tax Top rate of income tax Employment income per cent. Investment income per cent. Employment income per cent. Investment income per cent. United Kingdom 30 30 60 75 Germany 18 22 56 56 Netherlands 16.3 17 72 72 Canada 18 (26.6) 18 (26.6) 34 (50.7) 34 (50.7) Denmark 13.7 (39.1) 14.4 (41.2) 39.6 (68.4) 39.6 (68.4) United States of America 11 11 50 (55.5) 50 (55.5) Belgium 21.7 (23) 24.1 (25.5) 72 (76.3) 72 (76.3) France 7.2 10 71.2 71.2 Japan 10 (14) 10 (14) 71.25 (88.35) 75 (93) Notes:
- 1. The rates shown are those for 1983—1983–84 in the case of the United Kingdom.
- 2. The starting rates of income tax shown are the actual rates at which a married man earning income at the threshold level starts paying income tax. Because of the standard reliefs available in some countries—for example, employment income relief—the rates shown may differ from the nominal starting rate on the statutory income tax scales.
- 3.
- (a) the maximum rates of income tax shown are the highest actually charged. For Japan the rates shown for employment income differ from the maximum nominal rates of tax because they take account of an employment income relief which has no ceiling.
- (b) the rate for France includes additional tax which goes to fund various social security etc. programmes. Without this the top rate would be 70.2 per cent.
- 4. The figures in brackets include local income taxes at typical rates.