BRITISH POLITICS.

Gisborne Times, Volume XXV, Issue 2136, 19 July 1907, Page 2

BRITISH POLITICS.

United Press Association—-Oooyr’gM LONDON, July 17.. In the House of Commons in connection with the Fnance Bill Mr. Asquith refused to accept Mr. J. F. Rawlinson’s clause exempting income, which has already paid income tax in the colonies from assessment. in Great Britian. Mr. Asquith said he went very thoroughly into the matter with Sir. Deakin and Dr Jameson at the Imperial Conference and flattered himself that he had succeeded in persuading them it was quite impossible for the Government to make any change in the direction desired. He was unable to. agreekthfut any grievance existed as regarSs individuals. If any man resided'here and enjoyed the protection of our laws it was only fair that he should contribute income tax on the whole income wliereever it arose. -When a company was substantially controlled and directed.in the colony of a foreign oonntry income tax was only payable on the part of profits remitted. Mr. Leverton Harris, member for Tower Hamlets, hoped the next Budget would provide that colonial and foreign companies which did their business in England, thereby competing with English companies, should pay an income tax.