GOLD TAX.
"FUNDAMENTALLY; UNSOUND." j Stating that the Alexander Mines Com- f pany has paid £5400 in gold duty taxation -since the tax was instituted, the directors state in their aniyinl report:—Gold producers in New Zealand have taken very serious objection to the imposition of the special gold export duty of 12/6 per ounce. The tax is fundamentally unsound, the t:ix being levied on production, which is . universally recognised as an unjust method ; of' obtaining revenue. The mining com- | panics in the Dominion have is bear this j inequitable tax and are also called upon Ito pay income tax. In addition, shareholders are assessed on a higher scale, beca'use their dividends are taken into account in arriving.,at the rate in the £ on which their income tax is calculated anct their dividends are again assessed fori unemployment relief tax. i
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Bibliographic details
Auckland Star, Volume LXVII, Issue 206, 31 August 1936, Page 4
Word Count
139GOLD TAX. Auckland Star, Volume LXVII, Issue 206, 31 August 1936, Page 4
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