asked the Chancellor of the Exchequer if, when the Treasury completed its last Scottish Budget, it included in its calculations repatriation of profits to owners of capital employed in the Scottish economy who themselves lived outside Scotland in other parts of the United Kingdom.

In the Scottish Budget for 1967–68 published in 1969^* the estimated receipts of corporation tax related to all profits arising in Scotland irrespective of where the companies concerned had their registered office. The estimated receipts of income tax related to incomes of residents of Scotland, and this included tax on dividends received by such residents, irrespective of where the underlying profits arose.

^* Estimates of Central Government Revenue and Expenditure Attributable to Scotland for the Financial Year 1967–68. A Scottish Budget HM Treasury, October 1969.