TAX ON STOCK
Sir, —I have been reading about tho Government's last flight of fancy in regard to the revaluation of stock on farms to create a taxable surplus to be charged at Is 9d in the £l. To me this seems the last straw and it jlist wants tho Government when assessing our incomes to count this difference as excess profit and they will not have any farmers left at all. The Government seems to think that tho people in business on their own are fair game. If a wage-earner gets taxed he usually gets a rise out of the employer's pocket to accommodate it. Why not value everybody's furniture or motor-car a bit higher and charge 2s in the £1 on that, or take the average wage of the wage-earner over the last three years and deduct all in excess of this average as excess profit? Or would there be too big a noise from the different unions, who seem to be able to inform the Government what to do and get away with it? Tin-tax.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19400924.2.119.5
Bibliographic details
New Zealand Herald, Volume LXXVII, Issue 23769, 24 September 1940, Page 10
Word Count
178TAX ON STOCK New Zealand Herald, Volume LXXVII, Issue 23769, 24 September 1940, Page 10
Using This Item
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.
Log in