INCOME TAX.

Lyttelton Times, Volume CXVIII, Issue 18573, 27 November 1920, Page 8

INCOME TAX.

INSTALMENT PAYMENT PROPOSAL. “ [Per Press Association.] WELLINGTON, November 26. Touching on income tax payments Mf Massey told a deputation from the . Chambers of Commerce that a suggestion had been made that the tax should be payable in two instalments each year. He had gone info the matter. It would involve an increase in. staff and office work and mean additional departmental expense. Under certain conditions, such as had once occurred, and Treasury bills had to be issued to finanoe the country’s expenditure, it would be convenient if income tax was coming in twice a year. The matter was under consideration now and would not be lost sight of. Mr Tyers, who bad supported the change, had, of course, looked at it from the point of view of the man who was inconvenienced' in providing money for income tax and land tax as well as for loan, all practically £.t the same time.