INDIRECT TAX YIELD
Increase Put At £94.5 Million <New Zealand Press Association/ WELLINGTON, October 2. The revenue the Government received from the additional indirect taxation it had imposed probably exceeded all expectations, said Mr N. L. Sheiton (Opposition, Rangitikei) in the House of Representatives today during discussion of the vote in the Estimates for the Customs Department.
Mr Shelton said that since the last year in office of the National Government to the end of tne last financial year, the yield from indirect taxation totalled £94.5 million. Excise and other duties had risen from £29 million to £4O million, sales tax from £22.5 million to £26 million, beer duty from £6.5 million to £11.25 million, petrol tax from £16.1 milion to £l7 million, and the tax on cigarettes and tobacco from less than £9 million to £12.5 million.
The Minister of Customs (Mr Boord) said that while the figures showed there had been no declinein the consumption of petrol, the amount that had come into the country had decreased.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19591003.2.158
Bibliographic details
Press, Volume XCVIII, Issue 29016, 3 October 1959, Page 16
Word Count
169INDIRECT TAX YIELD Press, Volume XCVIII, Issue 29016, 3 October 1959, Page 16
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in