COMPANIES INCOME TAX.
PROTEST BY SHAREHOLDERS. At the close of the annual meeting of shareholders in the Auckland farmers Freezing Company yesterday, Mr. A. W. Blanchard intimated that he wished to propose a motion to protest against the way the income tax was levied by the Government on companies. Their company was called upon to pay £5000, and next week he had to attend a meeting of a company that had to pay rC 12,000. He considered it was a very heavy tax upon industry, in fact New Zealand was foxed in that respect more heavily than any other portion of the British Empire. He thought they had reached the top under the previous Government, but now another 10 per cent had been added to the burden. Of course, it was an easy method of collection, but lie wished to move that a protest be made against the present system of collecting the tax from companies instead of individual shareholders. This was agreed to without discussion. 1
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Auckland Star, Volume LXI, Issue 229, 27 September 1930, Page 4
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167COMPANIES INCOME TAX. Auckland Star, Volume LXI, Issue 229, 27 September 1930, Page 4
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