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Co-Operative Societies (Income Tax)

Volume 155: debated on Tuesday 13 June 1922

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asked the Chancellor of the Exchequer whether he is aware that the Royal Arsenal Co-operative Society applies a proportion of its funds for political purposes and to the finance of Parliamentary candidates; and whether he is now prepared favourably to consider an amendment of the law to provide that co-operative societies shall be placed on an equitable basis with other trading concerns as regards liability for Income Tax?

I have no information on the statement contained in the first part of my hon. and gallant Friend's question. As regards the second part, I would refer him to the reply given on the 22nd May to my hon. and gallant Friend the Member for Bromley (Lieut.-Colonel James). I am sending him a copy of that reply.