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Income Tax

Volume 949: debated on Friday 12 May 1978

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asked the Chancellor of the Exchequer what would be the loss of revenue from income tax in 1978–79 if the same income tax rates and thresholds as operated in Germany applied in Great Britain; and what proportion this figure is of the estimated revenue from income tax in 1978–79.

I regret that an answer could be supplied only at a disproportionate cost.