TAXATION PROBLEM

New Zealand Herald, Volume LXXII, Issue 22192, 20 August 1935, Page 11

TAXATION PROBLEM

HOPES OF REDUCTION INDICATION BY MINISTERS [BY TELEGRAPH —PRESS. ASSOCIATION'] WELLINGTON, Monday When the Prime Minister, Sir. Forbes, "was asked to-day if he could indicate future policy developments ho replied that the Government's policy would be to consolidate what had been done and frame measures to meet problems as they arose. "The Government," he added, "will not rest on its oars, but will carry out its policy in the interests of all classes. As for hopes of tax reduction, I can say -we recognise that the burden is heavy, and the desire and hope of the Government are that it might bo in a position when full information regarding the country's finances is available to do something to ease the burden." The Minister of Finance, Mr. Coates, who was also interviewed, said the Budget proposals would be completed when he had had an opportunity of examining the financial position. He was unable to say Jit the moment whether it would be possible to relieve the taxpayers or restore any further Public Service cuts, although the Government was hopeful that would be possible. Shortly he would be able to announce the result of various trade negotiations he had undertaken.