SUBSTITUTE TAX
based on simplicity.
CHANCELLOR’S PREPARATIONS.
CONSULTATIONS IN TRAIN. (United Press Association.—By Electric Telegraph.—Copyright.) (British Official Wireless.) Received June 4, 12.15 p.m. RUGBY, June 3. The Government’s new proposals for the tax on profits to yield £25,000,000 in the full financial year, in substitution for the national defence contribution scheme which has been withdrawn, will, it is understood, be preceded by the submission to the House of Commons of a financial resolution, the terms of which are at present engaging the attention of the Chancellor, of the Exchequer. Tlie Times says it is taken for granted that he will at once . begin consultations on the new form of the profits tax with representatives of trade and industry, and in particular with a special committee of representatives of the Associations of Chambers of Commerce, the Federation of British Industries, the Corporation of Lloyds, the Chamber 'of Shipping, the Iron and Steel Federation, and Baltic and other important bodies.
Simplicity will, it is staed, be the keynote of the new proposal.
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Bibliographic details
Manawatu Standard, Volume LVII, Issue 157, 4 June 1937, Page 7
Word Count
170SUBSTITUTE TAX Manawatu Standard, Volume LVII, Issue 157, 4 June 1937, Page 7
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