DOUBLE TAX CONTROVERSY.

Auckland Star, Volume XLVII, Issue 71, 23 March 1916, Page 6

DOUBLE TAX CONTROVERSY.

PROBABLE WAV,OUT. . J * A COMPROMISE SUGGESTED. _f-' (Received 11,45 a.m.)'.'-.'. :',-•'."., LONDON, March £_. The "Manchester Guardian's" London ; correspondent says that there is a prob- ' ability of a new arrangement in connec- ' . tion with the double taxing of-incomes ■'■;"' in the colonies and in Great Britain — being announced in the forthcoming Budget. The view of the Treasury is 2 that there is nothing. inequitable m'■'_'. person living in one country and derives • an income from another country paying'" . a tax in both countries. The cprrespon- ' dent understands that probably a recip-3* rocal arrangement will be made by which profits earned in the Dominions and rericeived by residents in the Motheriand should be charged with the . difference';' between the Imperial tax-and "that levied in the Dominions. The Income Tax Association is/, not | aware whether or not the concession j;. announced by the "Manchester-Guar-v: dian's" correspondent is to be granted, ; ? but if the report be-accurate, the,Asao-,, ciation considers that it is due to .theX ■ agitation started by the Association. The' concession is not all the Association ijasking, but it will be a considerable relief - in some cases. ■ " ■ ' "'• 1