REDUCED TAXATION

Evening Post, Volume CXIX, Issue 98, 27 April 1935, Page 12

REDUCED TAXATION

LOWER INCOMES TO BENEFIT

A. "promise that the remnants of the ■wages tax and special income tax would be' the next to go, /.was- made; recently by the Now South. Wales .Premier, -Air. iStcveris. He also forecast that railway charges were to be-still further reduced as." soon as Budget conditions made- it possible. , • '".That will'be at .no very distant 'date it' only we can maintain the progress ot the past three years," he, added. :'The policy of the. Government has been to reduce all taxation charges, <lei:laretl Mr. Stevens, speaking over the "Counting in both taxes and fares and freights, we have been able to make reductions '. totalling £12,400,000 in three yeurs."1 ; Mr. Stevens pointed out that about a tlijrd of the reductions in Government t :iarges was in wages and special income taxes the greatest remission's, of which went -to the lower incomes. Sixty per cent, of the total went to incomes below "Abolition, of the' Family Endowment Tax involved £2.400.000, remissions ot income taxes £550.000, and stamp duties JC225.000.' Tram fares had been reduced by a total of.over £1,000,000, and tram fares by a further -£1,000,000: Kail "freights were reduced by over £1200.000. and interest and rents from rural pettier*, by £1,400,000. "For the future:"- abided the Premier, "we will push on wi.'h the same policy of interest reductions." ... *'~■'