INCOME TAX.

Manawatu Times, Volume LXV, Issue 2029, 19 September 1913, Page 5

INCOME TAX.

BILL BEFORE PARLIAMENT. IS IT AN INJUSTICE. (Prtii Allocution.—By Telegraph Wellington, Last Night. The Land Tax and Income Tax Bill came up for consideration in the House to-night. Sir Joseph Ward announced that he had an amendment to move He thought the Minister ha i not given much consideration to the income tax on companies If the Bill went throug i in its present form a serious injustice wonld be done to many industries, manufactories, small shareholders and investors, He had had a res lution forwarded to him from many institutions in the Dominion protesting at \ t :, e provisions incorported in t»ie Bill He ftffoured those who were well to do paying in proportion to their wealth When the Bill was examine) aud its effects known it wo <ld become unpopular because it was a tax up >n industry and manufactu e. New Zealand never before had imposed an unfair tax upon tradeis generally. He mo\ed to recommit the Bill in order to reoonsider the provisions for oompany and iniividual income tax. Mr Allen said there was no change in the Bill rearardin* the vraduated i come tax principle. It was on the Statute Bo