INCREASED TAXATION
THE VICTORIAN BUDGET ASSISTING HOSPITALS MELBOURNE, Aug. 28. (Received Aug. 23, at 11.55 p.m.) An increase in the income tax, mainly designed to yield about £350,000 to assist hospitals, is a feature of the State Budget, which was introduced by Mr A. A. Duhstan in Parliament to-day. There will be no increase in the unemployment tax, which last year yielded mor i than the£l,B4o,ooo estimated. It is proposed to pay higher rates of sustenance to unemployed with large families and to liberalise the per? missible income regulations for men on sustenance. It was originally expected that the year would end with a surplus of £ 12,000, but the drought, railway losses and other causes converted it into a deficit of £BOO,OOO. Tax increases are: Company tax, Is 10.575 d in the £ to 2s; personal taxation, 6d to 7£d, rising to a maximum of Is 9fd. Property rates range from Is 2d to 3s 4d in the £.
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Bibliographic details
Otago Daily Times, Issue 23895, 24 August 1939, Page 11
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157INCREASED TAXATION Otago Daily Times, Issue 23895, 24 August 1939, Page 11
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