TAXES ABSORB DIVIDENDS
The exceptionally heavy taxation borne by companies was referred to by Mr. W. S. Newburgh yesterday at the annual meeting of Mason Struthers, Ltd., Christchurch, over which Mr. Norton Francis presided, reports "The Press." Mr. Newburgh mentioned that the accounts for the year showed that while shareholders had received £4400 in dividend and £275 was carried forward, land and income tax had taken £4100. Ho said that there appeared to be little hope of a reduction in general taxation, but land tax might come clown. He hoped that every opportunity would be taken by business men to draw attention to the burden of taxation.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19370909.2.104
Bibliographic details
Evening Post, Volume CXXIV, Issue 61, 9 September 1937, Page 11
Word Count
107TAXES ABSORB DIVIDENDS Evening Post, Volume CXXIV, Issue 61, 9 September 1937, Page 11
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.