TAX ON DIVIDENDS
COMPULSORY INVESTMENT
OF RESERVES
(Received June 18, 11.45 a.m.)
PARIS, June 17.
The Prime Minister's new financial proposals include a tax on dividends above 6 per cent. Limited companies will be obliged gradually to invest their legal reserves in Government securities. The legal reserve is fixed at 10 per cent, of the reserve capital. The incidence of Income tax will be changed and steps taken to speed up payments of direct taxes. Railway, postal, telegraph, and telephone rates will be raised and stamp' duties increased.
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https://paperspast.natlib.govt.nz/newspapers/EP19370618.2.92
Bibliographic details
Evening Post, Volume CXXIII, Issue 143, 18 June 1937, Page 13
Word Count
88TAX ON DIVIDENDS Evening Post, Volume CXXIII, Issue 143, 18 June 1937, Page 13
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