NEW SOUTH WALES POLITICS
TAXATION PROPOSALS
United Press Association— By Electric Telegraph—Copyright
(Received 14th November, 10.35 a.m.) SYDNEY, This Day.
The Attorney-General, Mr Boyce, announced the taxation rates which will be imposed if the Taxation Management Bill is passed. The company tax is graduated, commencing at two shillings in the pound, with a maximum of three shillings on all foreign companies and State companies with taxable income over £6OOO. Supertax of threepence in the pound will be imposed on all companies producing £300,000. Taxation from personal effort'commences at sevenpence, increasing to 4s 3ld where the income is over £20,000. This is expected to yield £770,000.
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Bibliographic details
Nelson Evening Mail, Volume LXIII, 14 November 1928, Page 5
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105NEW SOUTH WALES POLITICS Nelson Evening Mail, Volume LXIII, 14 November 1928, Page 5
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