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 Mr Fredric Wise Mr Fredric Wise , Ilford

I am sorry, as I was only trying to explain how this amount of £16,000,000, which it was suggested could be put to the reduction of taxation, might be raised. If I am not allowed to explain it in that way, I feel I must leave it to the House in the hope that the reduction may be made in some form or other, so that trade and unemployment may possibly set the benefit of the extra reduction.