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Volume 155: debated on Thursday 15 June 1922

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asked the Chancellor of the Exchequer if he is aware that the policy of the Government has the result of subjecting the private employer to heavier taxation than the joint stock company employer; and will he allow to the private employer the same exemption from Super-tax on sums placed to reserves as is enjoyed by the joint stock company?

I observe that an Amendment to the Finance Bill dealing with this matter appears on the Order Paper, and no doubt it will shortly come under discussion. As at present advised, I do not, see my way to accept my hon. and gallant Friend's suggestion.

Does the right hon. Gentleman not agree that the private employer is unduly penalised as against the joint stock company employer?

That, of course, is a matter of argument, which would require a much longer speech than I can make in answer to a question.