TAXATION RATES

Evening Post, Volume CXXVI, Issue 45, 22 August 1938, Page 11

TAXATION RATES

FURTHER COMtPARISONS

TREATMENT OF DIVIDENDS

The further investigations are carried, the more numerous are the proofs that rates of taxation in New Zealand compare unfavourably with those in Australia, says a statement by the Association Chambers of Commerce of New Zealand.

Tables have already been given! showing the heavier tax rates in New Zealand, as compared with the different States of Australia, on companies and on the earned incomes of individuals. There are then the rates of tax on "unearned" income (rents, interest, etc.). Below are given comparative tables showing the amounts of income and wages taxes payable in 1937-38 in New Zealand and Australia on the wholly unearned income of a taxpayer with a dependent wife. Commonwealth tax has been added in each case.

£ 150 200 250 300 350 400 450 500 £ 150 200 250 300 350 400 450 500 N.Z. N.S.W. Vic. Q'ld. £ s. d. £ s d. £ s. d. £ s d. 600 0 13 4 148326 7 13 4 3 5 10 1 12 11 4 3 4 9 6 8 5 14 2 3 6 6 9 14 11 15 10 8 8 18 6 13 6 14 0 0 23 2 4 13 10 2 11 3 4 19 15 5 30 19 6 18 19 0 16 1 11 26 7 2 39 2 4 24 18 11 21 11 1 35 1 11 47 10 8 31 10 10 27 9 0 49 17 8 N.Z. S.A. W.A. Tas. £ s. d. £ s d. £ s. d. £ s d. 600 204 0 18 9 2 10 0 7 13 4 712 150 368 9 6 8 12 3 10 6 18 1 6 19 15 10 8 17 4 8 11 10 6 8 8 5 23 2 4 23 8 5 16 7 4 12 4 6 30 19 6 30 0 7 20 9 11 16 15 2 39 2 4' 36 19 5 27 0 10 21 19 6 47 10 8 44 8 6 34 10 10 27 17 5