Article image
Article image
Article image
Article image

Retention Tax

Sir.—Retention tax works to the disadvantage of thousands of large and small company shareholders in New Zealand enterprises. After full income and social security tax have been paid this money that has been earned for expansion and contingencies is really capital. This tax. therefore, is a capital tax on a large (principally) urban section. A capital tax. or confiscation. is one of the first principles of communism. This is one step. How many more would some people take if given the opportunity.—Yours, etc., SMALL SHAREHOLDER. December 7. 1960.

This article text was automatically generated and may include errors. View the full page to see article in its original form.
Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/CHP19601210.2.20

Bibliographic details

Press, Volume XCIX, Issue 29384, 10 December 1960, Page 3

Word Count
90

Retention Tax Press, Volume XCIX, Issue 29384, 10 December 1960, Page 3

Retention Tax Press, Volume XCIX, Issue 29384, 10 December 1960, Page 3