INCOME TAX
REDUCTION IN BRITAIN HINTED. PORECAST BY A NEWSPAPER lightening the burden (N.Z. Press Association—Copyright.) (Rec. 12.45 p.ra.) LONDON, June 10. The Chancellor of the Exechequer (Sir John Anderson) is expected to bring in a special Budget early in the autumn to cut taxes, especially income tax, which may be reduced from 10s in the £ to 7s Gd, says the “Daily Express” political correspondent. Whitehall 1 is examining the whole structure of taxation to ensure: Firstly, all-round cuts being made as soon as' possible. Secondly, the burden being lightened where it presses most. Thirdly, that the system be simplified.
The correspondent also says that the plan is contingent on the present Government being confirmed in office at the general election.
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Ashburton Guardian, Volume 65, Issue 204, 11 June 1945, Page 4
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121INCOME TAX Ashburton Guardian, Volume 65, Issue 204, 11 June 1945, Page 4
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