INCOME TAX LAW

Manawatu Standard, Volume LX, Issue 95, 20 March 1940, Page 3

INCOME TAX LAW

PAPER DEFENDED. •Lbe executive of the New Zealand Society of Accountants states that it has considered the criticism of the Minister of Finance (Hon. W. Nash) oil the paper delivered by Air C. R. Richardson, to members of the society at the recent convention. “The society has no wish to enter a discussion on tax (anomalies, but tlie Alinister stated that the paper emanated from the society, and his article unfortunately imputes unfair criticism and lack of knowledge on the part of Air Richardson,” (lie statement adds. “The circumstances arc that Air Richardson, a highly respected and capable mem-J her of tin’s society, was asked to prepare a paper for the convention on '■Some aspects of tlie existing income tax law in New Zealand.’

“in his paper lie dealt with the existing tax law and elaborated on tlie paper wl.iere necessary h.y explaining the amendments which would <;onie into operation next year. Unlortun atoly. neither the added comment of Air Richardson, nor ilte discussion which ensued, were ftillv reported; otherwise it is felt that the Alinister, like those who were privileged to hear the lecture, would have admired the way ATr Richardson hand,led a difficult subject, and recognise that the respect in which lie is held and the high reputation lie enjoys its a taxation consultant arc fully justified.”