AN ANOMALY OF THE WAGE TAX.
Ail employer lint drawing a weekly wage but whose drawings during the year amounted to £200 makes a loss on the year's trading of i-00, and is not subject to a wages tax. Another employer, this time registered as a limited liability company, draws a weekly wage of £•">. and though he makes a loss 011 the year's trading of £2GO he is liable in wages tax for a sum of £13. Surely this was never intended when passing this legislation. Both employers are living 011 capital—a not uncommon tiling these da vs. WKKKLY WAGE.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19320607.2.66.7
Bibliographic details
Auckland Star, Volume LXIII, Issue 133, 7 June 1932, Page 6
Word Count
100AN ANOMALY OF THE WAGE TAX. Auckland Star, Volume LXIII, Issue 133, 7 June 1932, Page 6
Using This Item
Stuff Ltd is the copyright owner for the Auckland Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.
Log in