Interest on Arrears of Excess Profits Duty.

Part of Income Tax. – in the House of Commons at on 8 May 1922.

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Photo of Sir John Harmood-Banner Sir John Harmood-Banner , Liverpool Everton

I quite agree that I am somewhat out of order in dealing with the matter, but I am strictly adhering to the question of the reduction of Income Tax. What I want to say is that if the city financiers would help the Government to reduce the rate of interest on their debts, there might be such a reduction of Income Tax as would enable us to meet the Amendment which has been moved.