COMPANY INCOME TAX
THE 3 PERI CENT. DEDUCTION. (By Telograph—Press Association.) THE HERMITAGE, Oct, 24. At the conference of the Associated Chambers of Ooinnierce, the following remit was carried:—< “That the Government he again urged to reconsider the abolition of the 5 per cent, allowable deduction tor income tax on the capital value of commercial property as tending to (a) discourage enterprise; (b) to impose hardship on firms which havel confidently committed themselves: to expansion in the past ; and; (c) to reduce the possibilities of employment which otherwise exist in building operations, which might otherwise be undertaken. “The measure should not be spective, and onlv made operative on the tabling of a. Bill. As an alternative, the measure should be mad© operative only from the date of the tabling of the Bill, so that concerns undertaking future capital developments' will be cognisant of the limitations to be imposed.”
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Hawera Star, Volume L, 27 October 1930, Page 7
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148COMPANY INCOME TAX Hawera Star, Volume L, 27 October 1930, Page 7
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