COMPANY TAXATION.

Press, Volume LIX, Issue 17756, 7 May 1923, Page 11

COMPANY TAXATION.

10 TUB EDITOB OF "THE FBESS."

• Sit,-It is most refreshing to have HrMassey's clear daylight exposure of lir D. Aunt's ravings about company iiation in his pretended errand of iwcy on behalf of farmers. Mr Massy says, in effect, that Mr Cunt's Kkme of taxation is to bolster up Ag combines with large capital at -™t command, the result of which S»H be the shutting out of the inwifaal trader completely, and in the '«! the' exploitation of both the pro- % and consumer; and that the .wJeu" of finding revenue would be T«d from the shoulders of large corjMfans on to the backs of indivi-.-«Jl-traders, farmers, and other taxwhose whole income-earning Ppf is eenerally in their own particuexertion. J*i perfectly correct, Mr Massey hits 'TfflarL -Big combinations bolster- ? J P«y "i per cent, debenture capital JWncome tax is absodutelv against |ws' interests. This, however, |Siiot apply to co-operative institujM in favour of the farmers' welT- Mr is very much to be for exposing the impudent kpjj*. of hiring farmers into penalis- £ themselves bv suporting exploit■k'monopolies.—Yours, etc., FARMER.