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Profit-Sharing Schemes

Volume 466: debated on Tuesday 28 June 1949

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62.

asked the Chancellor of the Exchequer whether the terms of reference of the Tucker Committee are such as to enable them to investigate possible means of encouraging profit-sharing by taxation concessions.

The treatment of profit-sharing schemes for taxation purposes would be within the Committee's terms of reference so far as the computation of the employer's net profits is concerned.