BRITISH POLITICS.

Wairarapa Age, Volume XXX, Issue 8490, 19 July 1907, Page 5

BRITISH POLITICS.

INCOME TAX. Received July. 18, 7.58 a.m. LONDON, July 17. In the House of -Commons, in connection with the Finance Bill, the Chancellor of the Exchequer (Mr As quith) refused to accept a clause proposed by Mr J. F. Rawlinson (Conservative member for Cambridge University), exempting income which had already paid income-tax in the colonies from assessment in Britain. Mr Asquith said he went very thoroughly into the with Mr Deakin and Dr. Jameson at the Imperial Conference, and he flattered himself that he ;hsd in persuading them that it was impossible for the Imperial Government to make any change in the direction desired. He was unable to agree that any grievance existed. As regards indrvidtjals, said the Chancellor, if any aian resided here and enjoyed the protection of our laws it was only fair ifehat he should contribute income tax-on his whole income wheresoever it arose. When a company was sisbstentially controlled and directed in a. -.colony or a foreign country, income-itax was only payable on part ot tke profits remitted. Mr Leverton Harris, anember for :the Tower Hamlets, said he hoped jthe next Budget would provide that colonial and foreign companies which did their business in England, thereby competing with English(gompaniies, should pay income tax.