THE FINANCE BILL.
In the course of a criticism of the proposals embodied in the Finance Bill now before Parliament, a pliristchurch business man said recently that tradespeople were penalised by the special taxation because of their methodical ways of preparI ing returns of income and " expenditure. . Many people who were not tradesmen did not keep proper records, and there was no means of ascertaining exactly how thev stood. Farmers were the principal offenders m this respect. A farmer might depend on his bank-book to show his position, but it might not show several of his transactions. For instance, he might sell some stock or produce, receive a cheque, and use that cheque to' pay for drapery or household expenses. " The transaction would not be recorded in his bank-book, and if, as probably was the case, his bank-book was his only record nobody could say what bis expenses were' In that way he might, in one transaction pay as much as £100 for sheer luxuries' and there would be no trace of it.
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Bibliographic details
New Zealand Herald, Volume LIII, Issue 16283, 17 July 1916, Page 6
Word Count
173THE FINANCE BILL. New Zealand Herald, Volume LIII, Issue 16283, 17 July 1916, Page 6
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