WAR WEALTH
TAXATION IMPRACTICABLE. Press Nrsociation—By Telegraph—Copyright. Australian and N.Z. Cable Association. LONDON, March 50. Though the Select Committee decided that taxation of war. wealth is impracticable, Mr Austen Chamberlain, Chancellor of the Exchequer,'urged them to continue their inquiry, because he had been building on a large yield from that source. It is impossible to grant relief in the casd of small incomes, as recently recommended by the Commission, unless new sources of, revenue are tapped. Mr Chamberlain met the committee privately to-day, and the committee decided to resume their inquiry. Mr Chamberlain is considering whether the terms of reference should be extended. EXCESS PROFITS TAX. LONDON, March 51. The * Daily Chronicle ’ states that the Excess Profits Tax will be dropped in the coming Budget.
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Bibliographic details
Evening Star, Issue 17316, 1 April 1920, Page 4
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125WAR WEALTH Evening Star, Issue 17316, 1 April 1920, Page 4
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