Taxation Commission

NZ Truth, Issue 973, 19 July 1924, Page 6

Taxation Commission

Main Points m Unanimous Report.

Taxation of individual incomes from all 'sources Is the outstanding recommendation m the unanimous report of the Taxation Commission, presented to Parliament, on Thursday.

Consequential recommendations Involve the abolition of the present landtax and a modification of the taxation of the Incomes of companies.

The changes, if adopted, are t to be brought about gradually. The Commissioners consider that State and public body trading and utility concern's should be charged land and Incoma tax to the same extent as private companies.