Stock tax may end
PA Wellington The Prime Minister (Mr Muldoon) said yesterday his “present thinking" was that the business stock adjustment for tax purposes would not be continued this year. “The best information that I have is that stocks are down at every level, that cash-flow problems are less than they were 12 months ago and, of course, credit is easy,” he said in a speech for delivery to the Manufact: rs’ Federation Council meeting in Wellington. Mr Muldoon told the manufacturers that a large amount of revenue was involved. “A final decision does not have to be made until the
main taxation bill reaches its third reading,” he said. However, a supplementary order paper would be introduced in Parliament soop to make the necessary change.
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Press, 17 August 1978, Page 2
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127Stock tax may end Press, 17 August 1978, Page 2
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