THE TAXING BILL

Evening Post, Volume C, Issue 89, 12 October 1920, Page 11

THE TAXING BILL

LITTLE CHANCE OF A ROYAL COMMISSION. There waa a bi'ief discussion concerning the Land and Income Tax Amendment Bill at yesterday's meeting of the Council of the Wellington Chamber of Commerce. The President (Mr. M. Carr) said that it appeared ac though the Government had decided to abandon the proposal to tax Government and municipal trading concerns, with the exception of the Public Trust Office. He did not agree altogether with that. Public trading concerns not subject to income tax were placed in a false light. If they were taxed he was sure that the management would be more economical. > The general provisions of the Bill had been very fully discussed by the council of the Chamber and by the associated Chambers in conference. There was reason to be satisfied with the results of the efforts made in certain directions. In other directions he did not feel so satisfied, and he, personally, had anticipated more relief than that which had been granted. They still hoped thafc there would be a further measure of relief as far as clause 20 was concerned. In reply to questions, Mr. Carr said that he was not in a position to say what clause would, be suggested in place of the present clause 20. The new clause, if acceptable to the Government, would certainly give relief. He was afraid that there was little hope for a Royal Commission being set up to inquire into taxation.