Taxation
Sir, — Economic expediency to contrive a fair and just system of financial equity will not evolve out of a pattern of political “party antagonism.” Mr M.E.C. Cos states:
“The initial period of a new system will be a period of confusion.” The trial and error within the period of government operation, i.e. three years, allows little time for a new system to meet possible challenges from overseas trade-wise. The United States financial genius of Dawes and Young (1920) contributed to the Wall Street crash of 1929, plus the so-called “reparations” and Britain’s inability to repay 1114,000 million to the United States settled by a token payment in 1931 of £3 million. Where there is a constant demand for goods and services on a profitable basis, monev for investment will be found and full employment will result; hence an adequate tax system will be possible. People with no work and no wages are unable to pay anything. — Yours, etc.,
R. W. H. WADE. May 12, 1981.
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Press, 13 May 1981, Page 20
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166Taxation Press, 13 May 1981, Page 20
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