TAXATION AND THE COST OF LIVING.
"The policy of the Government is to reduce taxation so far as means will admit," said the Prime Minister, in replying on- the Financial debate early this morning.- He pointed but that very heavy taxation had to be imposed for war purposes, and they wished to get rid of it as soon as possible, - though it might be maay. years before we got back to pre-war conditions. When things were more normal efforts could be made to remove anomalies, and if these existed in company taxation they could be put right. "We can only do one tiling at a time," added Mr. Massey, "and we must first reduce taxation. You will not .get reductions in the cost of living until the rate of taxation "is very considerably reduced." Subsequently the Prime Minister'referred. to the farming class as the most heavily taxed section of the community, what. with lasd tax and income tax. I He regarded much of the land tax as a levy on capital, and— : although he knew there was no chance of it—he would he quite willing to knock out the land tax, and collect the revenue by way of income tax. (Ministerialists; "Hear, hear.") It would be a much fairer system. . •
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Evening Post, Volume CVI, Issue 14, 17 July 1923, Page 7
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210TAXATION AND THE COST OF LIVING. Evening Post, Volume CVI, Issue 14, 17 July 1923, Page 7
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