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 Austin Hopkinson Mr Austin Hopkinson , Mossley

Then I take the position to be that in discussing the question of Income Tax I shall be in order in pointing out that Income Tax is a direct reduction of the capital of trade and industry in this country, and that therefore relief of some other form of taxation would probably be better than the relief of Income Tax.