PROFITS AND TAXES
AUSTRALIAN COMPANIES
Rec. 9 a.m. CANBERRA, Jan. 16. . A tax review issued by the Department of Information shows that nearly half the profits of Australian companies are now being taken in income taxation, which has been so sharply increased that to have a clear income of £5000 a man must earn £52,000 a year. The war to date has cost Australians £186 a head. Due to the war stimulus, the gross profits of companies have rise-i by 36 per cent; since the outbreak of the conflict, but the profits, after taxation, are 9 per cent, below the 1939 level.
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Bibliographic details
Evening Post, Volume CXXXVII, Issue 13, 17 January 1944, Page 5
Word Count
102PROFITS AND TAXES Evening Post, Volume CXXXVII, Issue 13, 17 January 1944, Page 5
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