Income Tax (Non-Resident Foreigners).

Part of Oral Answers to Questions — National Finance. – in the House of Commons on 4th August 1942.

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Photo of Mr Herbert Williams Mr Herbert Williams , Croydon South

asked the Chancellor of the Exchequer whether his attention has been drawn to the case of two Swiss citizens resident in Switzerland who derive a considerable income from a British company; that pending a settlement of Excess Profits Tax and Income Tax, they desired to make a payment on account to the Treasury out of the funds standing to their credit in this country, but were informed by the Bank of England Foreign Exchange Control, that before it will be permissible for this payment to be made, it will be necessary for the bank to be satisfied that these sums are available for transfer to Switzerland; and why he is preventing foreigners discharging their obligations in respect of United Kingdom taxation for which they are liable?