Budget Criticism
[Special to “Northern Advocate.”! CHRISTCHURCH, This Day.. “Total taxation in New Zealand, including the employment tax, has grown from £25,500,000 in 1935-36. to £36,750,000 in 1937-38,” said Professor A. H. Toeker, of Canterbury College, in commenting on. the Budget. “Before the depression, when- the total was less than half the present figure, no cne would have thought it possible to. extract £23 per head in taxes from the population, and one cannot but wonder what would happen if incomes and the .taxable capacity of the people The Budget is now more dependent on the taxpayer than ever before, and the Government has committed itself to meet obligations which would be quite beyond New Zealand’s means in less favourable times. “The financial critic,” said Professor Toeker, “is puzzled to know how far the present process can be carried, and how the Government would impose a check.”
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Northern Advocate, 22 July 1938, Page 5
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147Budget Criticism Northern Advocate, 22 July 1938, Page 5
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