TAXATION METHODS.
DOUBLE LEA'Y CRITICISED
AVELLINGTON, Sept. 16.
The principle of substituting income tax for land tax was endorsed by the executive of the Associated Chambers of Commerce yesterday, consequentupon the receipt of representations on the subject from the Canterbury Chamber of Commerce. It was decided to convey to the Prime Alinister the opinion of the executive that the present position with regard to the payment of land tax, in addition to income tax upon rents collected from property in respect of which land tax had been paid, was in effect double taxation; that land tax should be abolished in favour of income tax, which was in all cases the more equitable system of taxation, and the anomalies that arose from the two forms of taxation now obtaining through the retention of the land tax would be overcome by the abolition of the latter.
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Bibliographic details
Manawatu Standard, Volume LII, Issue 246, 16 September 1932, Page 6
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144TAXATION METHODS. Manawatu Standard, Volume LII, Issue 246, 16 September 1932, Page 6
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