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NO IDEAL TAX.

PROGRESSIVE INCOME THE BEST. SIR JOHN FINDLAY'S VIEW. (Ej- Telegraph.—Press Association.) WELLINGTON, this day. Before the Taxation Commission today, ir John Findlay, dealing with the progressive income tax, pointed out that there could "be no ideal tax—none to which serious objection might not logically be made. It appeared -..early to be the best form of taxation that tbe State could 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 class of tho 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 his capital, and this offended against one of the most firmly established canons of taxation.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AS19240516.2.64

Bibliographic details

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

Word Count
166

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