Racing Club Objects To Social Security Tax
[Special to “Northern Advocate''! NEW PLYMOUTH, This Day. At the annual meeting of the Egmont Racing Club at Hawora, the unfairness of the additoinal burden thrust upon racing and! trotting chibs by the imposition of the social security tax on profits was deplored.
Tf. was decided to ask the racing authorities to make representations to have racing and trotting clubs exempted from the tax.
The opinion was expressed that racing and trotting were already heaviiy taxed and the social security tax was unfair, in that the clubs were unable to participate in any of the benefits under the scheme. The net profit of the club on the last year's operations, amounting to £1944, was subjected to the social security tax of ]/- in the £.
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https://paperspast.natlib.govt.nz/newspapers/NA19390729.2.6
Bibliographic details
Northern Advocate, 29 July 1939, Page 2
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130Racing Club Objects To Social Security Tax Northern Advocate, 29 July 1939, Page 2
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