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UNEMPLOYMENT TAX

QUERY BY ACCOUNTANTS. AN ANOMALY ALLEGED. The attention of the Commissioner for Unemployment is being called by the New Zealand Society of Accountants to what appears to be an anomaly in the law relating to unemployment taxation. At the last meeting of the society’s executive cases were reported of taxpayers who for the year ended March 31, 1931, had been earning income from business. Since then, having given up business on their own account and taken salaried positions, they have been subjected to the wage tax. As the law now stands they appear liable to pay the emergency tax on their last year’s income, for the reason that it wae “other than salary or wages,” and they are thus obliged to pay unemployment taxation on two years’ income. The executive decided to secure a ruling from the Commissioner for Unemployment, an/ if the position as indicated is confirmed, representations will be made to the Minister of Finance to correct the hardship.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/HBTRIB19311207.2.73

Bibliographic details

Hawke's Bay Tribune, Volume XXI, Issue 303, 7 December 1931, Page 8

Word Count
163

UNEMPLOYMENT TAX Hawke's Bay Tribune, Volume XXI, Issue 303, 7 December 1931, Page 8

UNEMPLOYMENT TAX Hawke's Bay Tribune, Volume XXI, Issue 303, 7 December 1931, Page 8

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