"INEQUITABLE"
BURDEN OF TAXATION
THE CASE OF SHAREHOLDERS
WELLINGTON, this day. "I find there is widespread feeling that the taxation that company shareholders have to bear to-day is inequitable, in that it is out of proportion to the rate of tax paid by man}' individuals drawing considerable incomes as the result of very high earnings by way of industrial wages, ' saia Mr. Watson, the chairman, in addressing shareholders of the Wellington Investment Trust Company. He pointed out that shareholders were for the most part small investors with small incomes. They were prepared to accept heavy taxation for purposes of defence but did not see why their small investments should attract taxation, which might absorb three-quarters of their income, while larger incomes, by way of high wages, escape cn a much lower basis.
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https://paperspast.natlib.govt.nz/newspapers/AS19420818.2.76
Bibliographic details
Auckland Star, Volume LXXIII, Issue 194, 18 August 1942, Page 6
Word Count
132"INEQUITABLE" Auckland Star, Volume LXXIII, Issue 194, 18 August 1942, Page 6
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Acknowledgements
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