"INQUISITION" FOR TAXPAYERS

Gisborne Times, Volume LXXIII, Issue 11834, 16 January 1933, Page 2

"INQUISITION" FOR TAXPAYERS

NEW .MOVE TN FRANCE PARIS. Nov. 22 A. disagreeable impression iuvs been made in financial circle.- by the. Government’s plan for suppressing tux evasion. It includes both new "measures and a scheme for tightening up the old regulations. The payments of dividends which hitherto have been made to anyone presenting tlie coupons will, in future, only be affected after th,- person demanding has established his identity as the actual holder of the bonds. The hank< on iho other hand, will have to keep a Rst of persons reeei.viufr dividends from them and ; to furnish it when required to the incometax collector. They will also have to furnish the names and -addresses oi any persons -who open -a cash deposit account, with them with Dip date of deposit. Private safes.hired in-banks wall..bo liable to inspection, and the names and addresses of the renders furnished to the Treasury. With regard "to professional men, owners of property and persons -engaged in business, payment of tlie full income-tax will Jje rigorously enforced through vfrequerit inspections of accounts. The project, which. i s expected to increase the revenue' by. several millions of francs, .while : being welcomed by the SocaUsts, is described as an “inquisition’’ by ,the,taxpayers.--*