NEW WAR TAXES.

Auckland Star, Volume XLVI, Issue 231, 28 September 1915, Page 6

NEW WAR TAXES.

SOME IMPORTANT CHANGES. MORTGAGE TAX INCREASED. MORE MONEY FROM BEXR. PETROL TAXES WITHDRAWN. IV RKA-KI) n STUtta DVTIK-. CBj Teiesrrnp , .:.--Si>«-!»] to "Star"! UKI.i.IN'.TDN. thif. day. The Taxation Bill, to be brought down in thr Houee this afternoon, will contain some important aIU-rationn or tl" , ordinal proposal.--. There will !>■■ in.rcH-- ol taxation of our farthing i.n nwrttaM. bnnjr.np the tax up to a penny in tlif pmind. Tlip inrrease will reprewnt about UXUKJO. There will aliwi U- an adjurtimint of taxation on «h« iwtv .-wape inrroaso in thi- chain- of vtar taxation. Thin im-n-ajw vull I- m tin- din-.tion of providing for in.omf tax aft.T il.-.ltictine thr amount paid on ninrtt!Hj!P l>y way of land ta\. Tlirsc altrratioim "ill innuro the paying of inrorae lax upon r<-rpipta over ajiil above what amount would he taxable under the old mortgage eyetein. It is r?timatcd thr additional rnveniie will \v about £30.000 annually H-.-r duty will inrr<as-'i to the .-x t.-nl of about £20.000—0f a total increase of £70.000 to £Ao.oon. The tax on mineral oils and m"f>r -pint* mil h- withdrawn. th<> diffirulty bfins ~ impoeeibilitv of d:icnmination h«"twepn 0.l and pftr."<] utpd for industrial purpoffft and for plpoj-nr' , Thr £101.000 thii* roui-.ll<- i «-i"il b' madp :ip by Add.Lion*. to ' in-torn? Tftlrphonp nureau fri*. which it nap proposed to double, will r<"ma".n as at prcwrnt. viz., threepence The gir**- increased rer«nup on the wholf mrxiirieH taxation proposals α-ill he about two million*, a* under lhe oripinaJ proposals. The whole of the taxation propo«;ils will be embodied in one measure, which the Government intends trying O pa.«o at to day's Mttinj;. The Fina-r.re Minister emphieisM th- , necessity of putting th*. , taxition quickly. He poinl.s out that if aryuoe divides the two millions of pnpisod taxation by twelve he will see we are short of £166.000 monthly. At prt!i?nt tho*> nvo millions are tlipreforp abt*olutely r#sentiaj. As the shortage has been prevmliiig tinre March 31. every- portion of the two millions that comes in will he rejquired. and there is bound to be a shortage over i-nd above this extra revenue at the end of the financial year, the full total of the new Uxation will not, bay« been collerted for the year: in iome ruM , - :hr collection mII only have tvten for .-,i\