TAXATION.

Hawera & Normanby Star, Volume XLII, Issue XLII, 9 June 1923, Page 10

TAXATION.

-4 __ A COMPARISON. (BY TELEGRAPH PRESS ASSOCIATION ) WELLINGTON, June 7. t i.a <?~m? s reP°rter -to-night Sir Joseph Ward affirmed as incorrect Mr Massey's statement that in England there had been for some time a supertax ot 6s m the £, and that this had not been reduced, which meant that the Jimghsh taxpayers \were to-day pa vinodouble what will be paid in the Domin" ion for the present financial year The Jinghsh tax is chiefly individual Last year in the Dominion companies paid /2 per cent, of the total tax and individuals 28 per cent. Companies in the Dominion are widespread and largely industrial concerns, giving enormous employment to labour, and they pay two-thirds more than in England. Since the war Britain, with her enormous war expenditure and hundreds of millions lent the Allies upon whicli no innfm hV s i! said' had paid off £500,000, - 01)0. ot her debt and reduced- income tax, while the Dominion had increased >her indebtedness by many millions. ' - \Mr Massey ha«Jt stated that'he put m, the income tax after Sir Joseph Ward Jerfc tne Government on account of the , extraordinary■ liabilities which wur* leti to meet. -He (Si r . Josenh before leaving the National Government,'made full provision for the whole of the Dominion's war,liabilities, including loans arranged m Sir J. Allen's time, and no war liability was outstanding at that time. Irovision was made for loans railing due m years to come and was recorded in the Massey Budget. Therefore this could not'have been the reason for the Ls 3d .increase in income >i l-r5-' rt as at tnat iuT»etn,re he bad £17.000 000 surplus-left kv hint (Sir Taxation was now heavier than a* any p-enod dtiring- the war. He agreed. I that those having the most should pay ' to\ m?v i hUt he- W3S .8tl? onK»y opposed todiv JS!SS ineo-nit»W« w that of to-day ;^Tl,e enormous sums drawn trotn t%nayers since the war have had a depressing effect on the most enterprising c(>lomsi£.