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NO IDEAL TAX.

PROGRESSIVE INCOME THE BEST. SIR JOHN FINDLAY'S VIEW. (By Telegraph.—Press Association.) WELLINGTON, this day. Before the Taxation Commission tolay, ir John Findlay, dealing with the uogressive income tax, pointed out that ihere could 'be no ideal tax —none to .vhich serious ohjection might not legicilly be made. It appeared clearly to be ihe best form of taxation that the State :ould adopt. He could suggest no improvement on the method of gradation employed in the present system. He agreed with those who thought the present land tax should be abolished altogether and a progressive income tax imposed on farmers as was imposed on other businesses. If there was any ?lass of the community that deserved the indulgent consideration of the taxing authorities, it was the small farmer. If he made no profits beyond a minimum subsistence deduction, he should not pay tax. To so tax him was to tax hi. capital, and this offended apainst one of the most firmly established canons of taxation.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AS19240516.2.141.64

Bibliographic details

Auckland Star, Volume LV, Issue 115, 16 May 1924, Page 5

Word Count
167

NO IDEAL TAX. Auckland Star, Volume LV, Issue 115, 16 May 1924, Page 5

NO IDEAL TAX. Auckland Star, Volume LV, Issue 115, 16 May 1924, Page 5