INSURANCE ASPECT.
"ABOUT AN EVEN BALANCE."
Provided that other businesses in the same line as insurance companies are taxed in proportion, said a prominent insurance officer in the city, he had no great objection to the Budget as it affected Insurance. "Things will just about balance up." he said, "and an increase in taxation has been expected for a long time.""
Certainly, he considered, it was a fairly stringent meaeure to bring lifeinsurance companies into line, because business done in those companies represented the earnings of the ''smaller" people. "Investors in bank fixed deposits will just have to be satisfied with a smaller return," he commented. ,; In England the interest is considerably lower than here, lower than it will be in New Zealand, even taking into consideration the new taxation, eo the public is not so badly off."
Offices with headquarters outside New Zealand would lie fairly hard hit. A 25 per cent aseeuament was a high hurdle.
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Bibliographic details
Auckland Star, Volume LXI, Issue 174, 25 July 1930, Page 9
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158INSURANCE ASPECT. Auckland Star, Volume LXI, Issue 174, 25 July 1930, Page 9
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