CO-OPERATIVES AND TAXATION
Sir,—ln what respect does a society calling itself a co-operative society differ from a company of shareholders? The object sought in each case is the financial advantage of members. Why should not the society pay income tax as well as the company? It is said some proportion of the expected profits of the society will go to public objects. But private enterprise also gives to public objects. Consider the enormous contributions made to public objects by Dunedin firms m. say, the last 20 years. Do they get any remissions of taxation on that account?—l am, etc., March 18. Justitia.
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Otago Daily Times, Issue 26416, 21 March 1947, Page 9
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102CO-OPERATIVES AND TAXATION Otago Daily Times, Issue 26416, 21 March 1947, Page 9
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