WAGE AND SALARY TAX.

Auckland Star, Volume LXII, Issue 260, 3 November 1931, Page 7

WAGE AND SALARY TAX.

NO INCREASE THIS YEAR. •STATEMENT BY MR. COATES. (By Telegraph.—Parliamentary Reporter.) WELLINGTON, Monday. A statement dealing with some aspects of unemployment taxation was made to-day by the Rt. Hon. J. G. Coates, Minister in Charge of Unemployment. "I have had occasion previously to mention the possibility that the jjnem- ' ployment relief tax might be increased from 3d to 5d in the pound," said Mr. Coates. "I am now pleased to be able to announce that so far as this Parliament is concerned it will not be necessary to propose any increase." Referring to the assessment of the emergency unemployment charge on income derived from farming, Mr. Coates said:—"The farm income on which tax is payable is the net income for last year after deducting such items as interest, wages paid for farm labour, payments for fertilisers, foodstuffs, etc. No deduction is to be made for household expenses nor for. payments for the farmer's own services. ' "To assist farmers in stating their income, a special form, UB 58, has been printed, and this is obtainable at any postal money-order office. It should be specially noted that this form does not take the place of the declaration which must be made on form UB 55 or form UB 55a, in every case."