TO REVISE TAXATION
CHAMBERS' REQUEST
(Press Assn.) WELLINGTON, Aug. 25 The joint taxation committee of the Associated Chambers of Commerce has issued a statement on the Budget. Regarding Mr Nash's statement about the present inability to review taxation, the committee says that with the end of the war with Japan it is reasonable to expect the Minister will be prepared to reverse this statement. The present policy is likely to prejudice the programme for rehabilitation and full employment.
Regarding the speci.il depreciation allowance, the statement, urges that it should operate forthwith and that its conditions should be clarified. The allowance for the cost of royalties, research and patent rights should also operate forthwith. The statement in conclusion quotes Mr Nash's words. "A rapid expansion in production both primary and secondary must be the predominant objective in our post-war activities," and adds that the objective is an excellent one. It only remains for the Minister to support his words by energetic action in removiug the shackles from enterprise and industry. One of the most effective of these shackles is undoubtedly the weight and anomalous incidence of the existing taxation.
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Bibliographic details
Manawatu Standard, Volume LXV, Issue 228, 25 August 1945, Page 6
Word Count
188TO REVISE TAXATION Manawatu Standard, Volume LXV, Issue 228, 25 August 1945, Page 6
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