TAX ON PROFITS
THE NEW PROPOSALS
(Brltlsli Official Wireless.)
(Received June 4, 1.15 p.m.)
RUGBY, June 3
The Government's new proposals for a tax on profits, to yield £25,000,000 in a full financial year, in substitution for the national defence contribution scheme, which has been withdrawn, will, it is understood, be preceded by the submission to the House of Commons of a financial resolution, the terms of which are at present engaging the attention of the Chancellor of the Exchequer. .
"The Times" says it is taken for granted that the Chancellor will at once begin consultations on the new iorm of the profits tax with representatives of trade and industry, and in particular with the special committee of representatives of the associations of Chambers of Commerce, the Federation of British Industries, the Corporation of Lloyd's Chamber of Shipping, the Iron and Steel Federation, and the Baltic and other important bodies.
It is stated that simplicity will be the keynote of the new proposal.
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Bibliographic details
Evening Post, Volume CXXIII, Issue 131, 4 June 1937, Page 9
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163TAX ON PROFITS Evening Post, Volume CXXIII, Issue 131, 4 June 1937, Page 9
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