Black Market Operations (Taxation).

Oral Answers to Questions — National Finance. – in the House of Commons on 17th February 1942.

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Photo of Sir Jocelyn Lucas Sir Jocelyn Lucas , Portsmouth South

asked the Chancellor of the Exchequer what steps he is taking to see that black market profiteers who are known to have made large sums of money shall be made to pay their due share of Income Tax, Surtax and Excess Profits Tax, in view of the Government policy that no manufacturer or trader should become richer by reason of the war?

Photo of Sir Kingsley Wood Sir Kingsley Wood , Woolwich West

My hon. Friend may rest assured that all possible steps are and will be taken to secure the proper assessment and payment of taxes to which he refers.

Photo of Sir Jocelyn Lucas Sir Jocelyn Lucas , Portsmouth South

Is the right hon. Gentleman aware that in the United States gangsters are given long terms of imprisonment for tax evasion, and will he take similar action in this country as a means of tackling this problem?

Photo of Sir Kingsley Wood Sir Kingsley Wood , Woolwich West

There is another Question on that.

Photo of Mr Evelyn Walkden Mr Evelyn Walkden , Doncaster

What policy is the right hon. Gentleman adopting to eliminate this foul practice of ready cash trading, which eliminates all records of bookkeeping transactions?