UNEMPLOYMENT TAX

Manawatu Standard, Volume LII, Issue 143, 19 May 1932, Page 2

UNEMPLOYMENT TAX

ANOMALY POINTED OUT. To point out what appears to be an anomaly in the legislation covering the payment of unemployment tax, which imposes a serious hardship on professional men, the executive committee of the New Zealand Society of Accountants at a recent meeting decided to communicate with the Minister of Employment. It was pointed out that whereas the person in receipt of salary or wages pays unemployment tax on the amount • he actually receives, the professional man is required to render a return and pay tax on a past year. In most cases the income during tho 1931 year was much in excess of the income which was earned in the present year, and it was felt that professional men and others were suffering a hardship by having to pay tax on a basis of incomo earned in a prior year. The societv had previously pointed out to the Minister of Employment that a person in business on bis own account up to March 31, 1931, and thereafter in employment is called upon to pay tax both on the income to March 31, 1931, and on the salary or wages which ho was in receipt of as from August 1, 1931. An invitation has been extended to the society to appoint representatives to the International Congress of Accounting, which will be held in London during July, 1933. This is the fourth Congress which has been held, the two previous meetings being at New York and Amsterdam. . Mr S. E. Lambert has been appointed to the vacancy on the council for the Wellington District, and has also been appointed a member of the executive committee.