Income Tax: Charge of Tax.

Part of the debate – in the House of Commons at 12:00 am on 23 April 1947.

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Photo of Mr Joseph Sparks Mr Joseph Sparks , Acton 12:00, 23 April 1947

That may be. There are individual cases which hon. Members may be able to advance, but I am dealing with the general principle of incentives in relation to taxation. I think hon. Members opposite have rather overloaded this point. I am not going to say that up to a point no monetary incentive exists, but, there is a limit, and I believe that hon. Members opposite are going far beyond that limit and assuming that unless we can cultivate the millionaire and abolish all taxation, there will be no incentive for individuals to give of their best to the nation. I do not believe that. I believe that my right hon. Friend is right in the standards he is fixing. I do not believe that taxation at the existing level is at all detrimental to any man giving the best of his brain and energies to the welfare of the nation.