TAX ON SERVICE
"Does a company such .as ours justi> fy its existence in wartime?" The question was asked by Dr. E. W. Gie* sen, presiding at the annual meeting of the Dental and Medical Supply Com« pany, Ltd. He said: "We like to believe that we provide a useful and necessary service to the communityj but we musii also consider if we contribute usefully to the country's imperative financial needs." The company was but a small one, with paid-up capital not quite £60,000; net profit for the. year was £14,400—taxes absorbed over £11,000, and the Government had the use of another £4000 which was subscribed to the war loans. "But various other substantial sums add to the public revenue through the operations of such a company as this," added Dr. Giesen. "Viz., through wages tax, sales tax, Customs duty, railway freights, stamps, and London exchange, and during the past year these, together with direct taxation, amounted to just over £45,000, not including the contribution to war loaai!" -(•,
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https://paperspast.natlib.govt.nz/newspapers/EP19430604.2.56
Bibliographic details
Evening Post, Volume CXXXV, Issue 131, 4 June 1943, Page 5
Word Count
168TAX ON SERVICE Evening Post, Volume CXXXV, Issue 131, 4 June 1943, Page 5
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