TURNOVER TAX
No Support By Chamber
(N.Z. Press Association)
AUCKLAND, July 3.
The Auckland Chamber of Commerce council decided today not to support a proposal by the Auckland Regional Authority to set up a turnover tax to obtain revenue for a regional development fund.
Members approved a report by a special committee of the chamber, set up to examine the proposal. The A.R.A. estimate was that the tax would amount to between $1 to $2 per $lOOO of turnover. The report said the committee had been unable to support tax. Price increases would qccur on a broad front, thus including items on which it was preferable to maintain existing price levels. There would be no distinction between items of necessity and luxury.
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Bibliographic details
Press, Volume CIX, Issue 32031, 4 July 1969, Page 1
Word Count
122TURNOVER TAX Press, Volume CIX, Issue 32031, 4 July 1969, Page 1
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