ABSENTEE TAX
“Should Be Abolished”
London, December 12.
Mr. Harold Brown, at the annual meeting of the New Zealand Loan and Mercantile Co., Ltd., urged the abolition of the absentee tax on debenture and loan interest payable by those not residing in Australia or New Zealand. which still require large amounts of outside capital for. development, which the abolition of the absentee tax would encourage investors here to supply. All Dominion Government and municipal loans issued here are exempt from the taxation. He hoped that Mr. Savage would be able to maintain a determination bo proceed slowly and cautiously in the face of the pressure which will be brought on him to make a new world overnight.
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Bibliographic details
Dominion, Volume 29, Issue 69, 14 December 1935, Page 11
Word Count
117ABSENTEE TAX Dominion, Volume 29, Issue 69, 14 December 1935, Page 11
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