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American Films (Taxation)

Volume 446: debated on Tuesday 27 January 1948

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asked the Chancellor of the Exchequer what is the present position with regard to his negotiations with the American film interests about the 75 per cent. tax on American films.

Discussions have taken place but so far without result. His Majesty's Government have made it clear that they are not prepared to abandon the tax, or to substitute for it any system depending on blocked sterling being held by American film interests. No progress can be made until this situation is fully recognised.