N.S.W. INCOME TAX PROPOSALS FOR INCREASE
GREATER EXPENSE OF GOVERNMENT. (By Telegraph.— Pre3s Association.— Copyright.) SYDNEY, 26th March. The Government to-day introduced their Income Tax Bill, which was read a first time. It reduces the exemption to £250, and increases the rates to one shilling iij tho £ on the income of all companies. Where the taxable income of persons does not exceed £700 the tax is fixed at ,8d in the £, ajid an additional amount equal to one-third of 8d is levied on income derived from the purchase of property. The rates are graduated to Is 2d, and an additional third is to be imposed on incomes over £9700. Mr. Loyle Assistant-Treasurer, stated it was intended to place the Income Tax Commissioner beyond the control of the Public Service Board, and make him removable only by the Government. Itinerant professionals, including singers and boxers, would be required to > pay a tax on salaries earned in New South Wales. The reason for the increased taxation was the increase in the expense of government. The Opposition strongly attacked the Government's extravagance.
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Bibliographic details
Evening Post, Volume LXXXVII, Issue 73, 27 March 1914, Page 7
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179N.S.W. INCOME TAX PROPOSALS FOR INCREASE Evening Post, Volume LXXXVII, Issue 73, 27 March 1914, Page 7
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