COMPANY TAXATION
INEQUITABLE INCIDENCE (United Press Association) AUCKLAND, 6th February. At the annual meeting of the Auckland Gas Company, Mr Upton, the chairman, referred Y to the inequitable incidence of income' tax whereby 'he Gas Company's very active rivals, the Auckland .Electric Power Board, .were exempted, while the Gas Company paid £17,500. It was, ho said, a differential tax found only in half-civilised countries.
"But," continued Mr Upton, "our Government is superior to all that, and is a law unto itself. No redress is made. Consider what would happen were the Government to extend its operations a little further and undertake the whole business of the country and apply the same method of exemption as is now applied to municipal and Government trading. All business would be exempt, and the revenue would have to be found by lawyers, agents, teachers, doctors, and editors of newspapers—by the professional classes, in fact, aided by any unfortunate old people who, under happier circumstances, had saved a few pounds for their old age.
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Bibliographic details
Nelson Evening Mail, Volume LXI, 7 February 1928, Page 5
Word Count
169COMPANY TAXATION Nelson Evening Mail, Volume LXI, 7 February 1928, Page 5
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