UNEMPLOYMENT TAX.
LEVY ON UNEARNED INCOMES ALL DEBENTURES AND SHARES. (By Telegraph. — Parlfamentary Reporter.) WELLINGTON, this day. An important point relating to the imposition of the emergency tax on incomes was elucidated by the Hon. R. Masters in the Legislative Council last night. Clause 13 of the bill prescribes the method of computation of the emergency unemployment tax payable in re.spect of income other than,salary or wages. Two-thirds of such income is to be levied at the rate of 3d in the £1 for the emergency tax, and it was made clear by Mr. Masters that this is to be levied on all incomes from debentures and shares, whether dividends are payable free of income tax or otherwise.
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Auckland Star, Volume LXII, Issue 166, 16 July 1931, Page 3
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118UNEMPLOYMENT TAX. Auckland Star, Volume LXII, Issue 166, 16 July 1931, Page 3
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