UNEMPLOYMENT TAX ANOMALY.

Manawatu Standard, Volume LII, Issue 47, 26 January 1932, Page 6

UNEMPLOYMENT TAX ANOMALY.

NO REMEDY AT PRESENT. (By Telegraph—Special to Standard.) ■ WELLINGTON, Jan. 26. The New Zealand Society of Accountants recently called the attention of the Minister for Unemployment to a serious anomnly which had been discovered in connection with the imposition of the emergency unemployment tax. Cases have been reported where taxpayers during the year ended March 31, 1931. were in business on their own account and rendered the income tax return. . _ Since that date they have taken salaried positions and are paying the wage tax on that income, but they have also been called upon to pay the emergency tax on last year’s income on the ground that it is “other than salary or wages.” “I quite appreciate the point you make in this connection,” replied Rt. Hon. J. G. Coates to the society’s representations, “and I shall be glad to see that every possible consideration is given to it when further legislation is contemplated. In view, however, of the pressing need for funds at the present time, I am afraid that so far as payments due under existing legislation are concerned there is no probability that any refund will be made by reason of retrospective legislation.” The society’s executive at the last meeting resolved to thank the Minister for considering the question, and to express regret that it is not proposed to remedy the anomaly and inequity involved in the operation of the unemployment tax legislation.