DOUBLE INCOME TAX.

New Zealand Herald, Volume LII, Issue 16099, 13 December 1915, Page 6

DOUBLE INCOME TAX.

EFFECT ON DOMINIONS.

MEETING OF PROTEST.

London, December 10. A meeting called to protest against the double income tax was attended by over 100 persons, including representatives of most of the leading Anglo-Australian and Anglo-New Zealand institutions, such as Dalgety's and the New Zealand Loan and Mercantile Agency Company, and also many private men with colonial interests. Sir Westby Perceval, a former Agent-General for New Zealand, who presided, said it was a poor return for all the Dominions had done for the Empire that they should have to pay double war taxation. The result was that capital was being withdrawn from the colonies when it was urgently needed, and was being invested else- i where. „ The meeting resolved: " That the double, in many cases treble, income tax inflicted on residents, firms and companies in the United Kingdom deriving income from other parts of the Empire is unjust, inequitable, contrary to Imperial interests, and will materially disturb, restrict and unjustly penalise trade within the Empire, cause the withdrawal of present investments, and prohibit future investments in the Dominions, thereby seriously retarding development." A strong committee of business men was appointed to bring the subject before the Imperial and colonial Governments with the object of securing alteration of the law.