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Corporation Tax

Volume 893: debated on Tuesday 17 June 1975

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asked the Chancellor of the Exchequer if he will publish a table showing the proportion of revenue provided by corporation tax in the United Kingdom, the United States of America, West Germany, France and Japan, respectively.

The following information, which is taken from Revenue Statistics of OECD Member Countries 1965–72, Part III Table 15, shows taxes on corporate income as a percentage of total taxation—including social security contributions and local taxes—in the countries specified for 1972:

United Kingdom7·1per cent.
USA11·19per cent.
West Germany4·67per cent.
France5·94per cent.
Japan18·24per cent.
I regret that this information is not available for later years.