Sevan Million Taxpayers
The total number of persons who would pay income tax in Britain had now been raised to some 7,800.000, and it was no more than bare justice to all of them that every step be taken to prevent any waste. After dealing with details of the Finance Bill, he referred to the contribution the Dominions and colonies were making to the war effort outside their own financial spheres. The British Government appreciated to the full the magnitude of the measures taken by Canada. In the debate Sir Frank Sanderson strikingly showed the incidence of income tax and supertax by pointing out that Mr. Churchill’s salary of £IO,OOO became £3160 when deductions were made under those heads. If it were desired that he should enjoy an actual salary of £IO,OOO, the House of Commons would have to make him a grant of £166,960 a year.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NA19410524.2.6
Bibliographic details
Northern Advocate, 24 May 1941, Page 2
Word Count
147Sevan Million Taxpayers Northern Advocate, 24 May 1941, Page 2
Using This Item
NZME is the copyright owner for the Northern Advocate. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.