TAXATION IN AUSTRALIA
ROYAL COMMISSION’S REPORT
Picas Association—By Telegraph—Copyright
SYDNEY, Apnt 29. The Royal Commission on Taxation presented its second report ont simplification of system. It proposed that power to impose income tax be vested exclusively in the commonwealth, and power to impose other existing forms of direct taxation (land, probate, succession, or entertainments) be vested exclusively in the States, subject to the over-riding powers of the commonwealth in case of war. It is recommended that the commonwealth and States should pass uniform Income Tax Assessment Acts, and the commonwealth should be the administrative and collecting authority for both.'
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Bibliographic details
Otago Daily Times, Issue 18542, 1 May 1922, Page 6
Word Count
99TAXATION IN AUSTRALIA Otago Daily Times, Issue 18542, 1 May 1922, Page 6
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