REDUCED TAXATION.

Manawatu Standard, Volume XLIV, Issue 722, 2 June 1923, Page 7

REDUCED TAXATION.

COMPARISON OF THREE YEARS,

How Uio taxation per head of the population in New Zealand has fallen during the past three years is illustrated by interesting comparisons from statistics now available (states the Dominion.) Preliminary figures of revenue from taxation for the year ended March 31, 1923, are now available, and compare as follows with those for the two preceding financial years •

‘Preliminary figures. The fall of over £2,000,000 in income tax payments in 1922-23 as cornp,Wit I with 1921-22 gives an indication of the financial stress experienced during 1921, the tax of one year being, of course, assessed on the income of the preceding year. An increase of nearly £1,000,000 in Customs revenue is the principal factor responsible for bringing the total taxation for 1922-23 within £BOO,OOO of that for tho previous year.

Revenue for year ended liar. 31. 1921. 1922. 1923.* £ £ £ Customs rev. 3,408,726 5,095,436 6,038,292 Beer duty ... 360,525 498,898 612,128 Land tax ... 1,688,979 1,637,816 1,541,502 1 ncorne tax 0,248,945 6,002,987 3,831,932 Death duties 1,106,925 1,512,754 1,818,314 B a n 1c composition.. 236,712 227,080 210,577 Tot’ator. rev. 497.961 515,248 606,729 Amuse. tax 79,921 103,815 135,170 Other taxation (duty on instrumerits, etc.) 1,555,720 816,482 793,326 Totals 22,184,414 16,370,516 15,581,970 Taxation nor head of moan population: £ s. d. £ s. cl, £ 3. cl. (a) Kxcluding Maoris 18 9 0 13 5 7 12 7 9 (l>) Including Maoris ... 17 14 4 12 14 8 11 17 8