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Dollar Earnings

Volume 466: debated on Tuesday 21 June 1949

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asked the Chancellor of the Exchequer if he will introduce an incentive to dollar earning by permitting United Kingdom taxpayers to retain the whole sterling equivalent of their dollar earnings tax free.

Does not the Chancellor agree that the prospect of getting back some part, if not all, of what one earns would be a great inducement in the earning of dollars, and will he quite seriously put this question to his experts?

This matter has been studied on many occasions, and it is quite impracticable to prefer one trader to another in this way.