Income Tax. – in the House of Commons at on 17 September 1931.
"to increase the Customs and Excise Duties on beer and tobacco, the Customs Duty on hydrocarbon oils, and the Entertainments Duty; to increase the standard rate of Income Tax for the year 1931–32, and the higher rates of Income Tax for the year 1930–31; to amend the Income Tax Acts in so far as they relate to certain reliefs and the tax payable by persons carrying on a trade consisting wholly or partly in dealing in securities; to amend Section thirty-six of the Finance Act, 1931, and the Law relating to the National Debt; and to make provision for certain matters connected with the matters aforesaid," presented accordingly, and read the First time; to be read a Second time upon Monday next, and to be printed. [Bill 226.]
The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
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