New £25,000,000 Profits Tax
BRITISH CHANCELLOR WORKING OUT SIMPLER FORM
(British Official Wireless) , i RUGBY, June 3. I The Government's new proposals for a tax on profits to yield £25,000,000 in a full financial year in substitution for the national defence contribution scheme, which has boen withdrawn, will, dt is understood, be preceded by the submission to the House of Commons of a financial resolution the terms of which at present are engaging the attention of the Chancellor of the Exchequer. The Times says: It Is taken for granted that the Chancellor of the Exchequer will at once begin consultations on the new form of proflts-tax with representatives of trade and industry and, in particular, with a epecial committee of representatives of the Association of Chambers of Commerce, Federation of British Industries, Corporation of Lloyds, Chamber of Shipping, Iron and Steel Federation and other important bodies. Simplicity will, it is stated, be the keynote of the new proposal.
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Manawatu Times, Volume 62, Issue 132, 5 June 1937, Page 5
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158New £25,000,000 Profits Tax Manawatu Times, Volume 62, Issue 132, 5 June 1937, Page 5
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