§ 80. Mr. Silvester
asked the Chancellor of the Exchequer if he will take steps to reduce the composite rate of tax paid by building societies in view of the fact that it is a hindrance to greater deposits.
§ Mr. Diamond
I have noted the hon. Member's suggestion, but I cannot anticipate my right hon. Friend's Budget statement.
§ Mr. William Price
asked the Chancellor of the Exchequer (1) how much was paid by building societies in Income Tax during the last 12 months for which figures are available;
(2) how much was paid by building societies in Corporation Tax during the last 12 months for which figures are available.
§ Mr. Harold Lever
I would refer my hon. Friend to my replies to Questions 253W by my hon. Friend the Member for Bolton, West (Mr. Oakes) on 20th March.—[Vol. 780, c. 139.]