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A HUGE DEBIT BALANCE.

TAXATION PROPOSALS

(Received March 13, 10.10 a.m,)

SYDNEY, March 13,

•. The Budget for the • last financial year closed with a debit balance of £1,167,000. ■;■.'. ': . Mr Holman admitted that it was a serious blunder dropping the Income Tax and Stamp Duties Bill. New South Wales was the most lightly tax,ed State in the 1 Commonwealth, namely, 17s 3d per head. He said he proposes to raise £35,000 by imposing charges on outgoing vessels- on the same basis as the charges on inward vessels. Companies will be taxed upon their own profits at a flat rate of Is in the £1.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AG19140313.2.40.2

Bibliographic details

Ashburton Guardian, Ashburton Guardian, Volume XXXIII, Issue 8817, 13 March 1914

Word Count
103

A HUGE DEBIT BALANCE. Ashburton Guardian, Volume XXXIII, Issue 8817, 13 March 1914

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