VICTORIAN BUDGET
INCREASE. IN TAXATION [By CABLE —PRESS ASSN. —COPYRIGHT.] MELBOURNE, August 23. In the Victorian Assembly the Premier, Mr. Dunstan, to-day introduced the State Budget. An increase in income tax, which is designed to yield about £350,000 to assist the hospitals, is a feature of the - budget. There is, however, no increase in the unemployment tax, which last year yielded more than the £1,840,000 estimated. It is now proposed to pay higher rates of sustenance to t those of the unemployed with large families. It is proposed also to liberalise the permissible income regulations for men on sustenance.
It was originally expected that the year would end with a surplus of £12,000, but the drought and railway losses and other causes have converted it to a deficit of £BOO.
The tax increases are:- Company tax, from 1/10 point 575 d in the pound, to 2/-; personal taxation 6d to 71d in the pound, rising to a maximum of l/93d The property rates range from 1/2 to 3/4 in the pound.
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Greymouth Evening Star, 24 August 1939, Page 7
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171VICTORIAN BUDGET Greymouth Evening Star, 24 August 1939, Page 7
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