LAND TAXES.
''.■■ V- ' ■'•— — e— ~ ,;:•;. " UNGOTTEN MINERALS AND UNEARNED '■', ;.. ';'.';'..'INCREMENT.,".,;■'■• • 'lilt ASSiIfiATIOH—COrTttWBT.) .'. ; '(Rco. ; May 27, ; 10.35' p.m.) ", ', / ■■■•'•; ;■'■," ■■ :''-. ; . : ""-,". London, May.27. . In. the House of Commons .tho debate on the Budget Vosolutions was: continued. The land tax proposals were severely criticised. .'■;; Many Oppcsition speakers consider that' a tax of 20 per cent: on the unearned "inoreniont and of 10 per cent, in the case of leases is an unworkablo and fanciful inoid- ■ encei ' -■' ■'''■; '••,-.•'■ The .tax: on ungotten minerals, especially iron, ib considered a check on enterprise. '. [The Budget proposes that the State ishould toke 20 per oent. Df the unearned increment in the valuo of,land, pnyablo at death; and that when-'the land is. sold a further Jd. in the £ should bo levied in respect of the'capital value of tho Undeveloped land and ungotten minerals; also jd.. in tho' £ on' .mining royalties, and a 10 per oent. roverslon duty on benefits accruing at the termination of a lease. The laud taxes,' it was estimated, would produce jesoo.ooo.]. ' ..-' ■■•..'■ . ..-. -
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Bibliographic details
Dominion, Volume 2, Issue 519, 28 May 1909, Page 7
Word Count
163LAND TAXES. Dominion, Volume 2, Issue 519, 28 May 1909, Page 7
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