HALFCROWN INCOME TAX

Grey River Argus, 13 January 1928, Page 5

HALFCROWN INCOME TAX

A LIBERAL PROPOSITION. (Received January 12 at 9.30 p.m.) LONDON, January 12. A half-crown income tax as a practical proposition was unfolded by Sir Godfrey Collins, Chief Liberal Whip, addressing Liberals at Greenock. He admitted there would be in the first year "'forty-five and in the second year a seventy-five millions loss of re venue, but this could be counterbalanced by rigid cuts in expenditure, including five and a quarter millions spent in Imperial Preference and Empire Marketing abolition, which would not hurt anyone.