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The indications are that tha Budget to be presented to-night will make no reference to the adoption of the pay-as-you-earn system of income taxation, now in operation ir» a number of countries overseas.

It was a subject to which some attention was given in last year's Budget. The Minister of Finance, Mr. Nash, then expressed the view that there were certain disadvantages in the introduction of such a system into New Zealand, but he said that a report would be made to Parliament with a view to improving the present procedure. A policy of decentralisation of the Land and Income Tax Department by the establishment of a number of branch ' offices was subsequently announced. The view is held that the establishment of these offices is a prerequisite to the pay-as-you-earn system should that be decided upon, but progress with the decentralisation policy has not been as rapid as was anticipated.

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Bibliographic details

PAY-AS-YOU-EARN, Auckland Star, Volume LXXVI, Issue 187, 9 August 1945

Word Count

PAY-AS-YOU-EARN Auckland Star, Volume LXXVI, Issue 187, 9 August 1945

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