WAR TAXATION.

Press, Volume LI, Issue 15460, 13 December 1915, Page 8

WAR TAXATION.

DOUBLE INCOME TAX,

IMPORTANT POINT RAISED,

' ' LONDON. December 10. . Over one hundred persons attended the income tax meeting, wluc \ representative oi most J inclttd-Angio-Australasian nist.trtion. nch.U mg Messrs Dalgety and New Zealand Loan and Mercantile Agenrv Co., Ltd., and also many -private business men with colonial tC Si'r t Wcstbv Perceval, who presided, said that it was a r-oor return lor all thev had done for the Empire that they should pay double war taxation. Ihc result was that capital had been withdrawn from the colonies when it was urjrcntlv needed, and was being invest<•4 elsewhere. The meeting resolved that the double, and in many cases treble income-tax inflicted on residents and firms and companies in tho United Kingdom who were deriving income from other parts of the Empire was unjust, inequitable, and contrary to Imperial interests, in that it would materially disturb, restrict, and unjustly penalise trade within the Empire, causo the withdrawal of present investments, and nrohibit further investing and donations, thereby .seriously retarding development. A strong committee of business men was appointed to brin.2 the subject before the Imperial and Colonial Governments, with the object of securing an alteration in the law. MINISTER RE-ELECTED. LONDON, December 11. The Yorks North Riding (Cleveland 1 ! by-election necessitated by the appointment of the Rt. Hon. H. L. Samuel to a seat in the Cabinet, resulted as follows : — Right Hon. H. 1». Samuel ... 7312 Knight ... ... ••• 1133