TAXATION

Feilding Star, Volume XVIII, Issue 4576, 29 April 1922, Page 3

TAXATION

COMMONWEALTH COMMISSION'S - REPORT. UNIFORMITY PROPOSED. ißy Electrio Telegrapti—Copyright.) 'Aust. and N 2. Cabla Association. (Received April 29, noon.) Sydney, April 29. The Royal Commission on Taxation presented a second report on the simplification system. It proposes that tho powor to impose income tax be vested exclusively in the Commonwealth, and the power to impose other oxisting forms of direct taxation—land, probate, succession, or entertainments—bo vested exclusively in the States, subject to the overriding powers of the Commonwealth in case of war. It recommended that the Commonwealth and States should pass uniform Income Tax Assessment Acts and the Commonwealth should bo the administrative and collective authority for both.