NEW TAXES.

Press, Volume LXV, Issue 19726, 17 September 1929, Page 10

NEW TAXES.

BILLS TO APPEAR Tfflß WEEK. BUDGBT PROPOSALS MAT MODIFIED. [THB r&SSB BjweUl Strtta*.) WELLINGTON, September M» Ttio Government's taxation propg^ will corn*.- brfor« the House of .sentntives in definite shape tfail In reply to a question to4ay, tfcs J'rimc Minister (Sir Joseph Ward) mno u need that both the Land and Is. come Tax Amendment Bill, and th* ordiuarv Annual faxing Bill, make their appearance during ds week, although he was not prepared f» uominata the day ot introduction.

It is in the and Income ft* Amendment Kill that the propagat alterations increases will be fond. According to tLo Budget forecast will provide f r the imposition «f t graduated supir tax in the rasa farming lauds <m an ummprcwed vah* of over tor a reduction ha* C 10.000 to fVVX) in the mortgage lb emption nllov.-ed in the asusuealw' land ins, r.n i for the pavrwrt fay jj formers with proved value of and over «f land and tax on the "-'-inlism is the greater" principle. In vi* t however, n" the mere or less reaentb hostile reception accorded sotno eIS proposals a< outlined iu the finataUj fctntemcnt. it <'s that tfc** will he modifaat ->r.s of aome char»e|» in the Bill. Lo>-bv nredicticua att that the suggested reduction in «s mortgage exemption will be citife abandoned or watered down throng * ''hnrdshio" clnuse.

The introduction of the Bill will fgfc vide members with the usual epMt tunitv of plying the Minister f harjre with nnestion*. and at themm ntine the line they wiQjhr low on the second reading. ■