EXCESS PROFITS TAX
Australian Budget Forecast INCREASED POSTAL RATES NZP A -Copyright Rec. 8.45 p.m. .CANBERRA, Oct. 5. Budget forecasts predict raised postal and telephone rates and an excess profits tax on companies. The basic Australian letter postage rate will be increased from 2£d to 3d a letter, and telephone, telegraph and air mail rates will also rise to meet the Post Office deficiency of £2,500.000 a year. It is learned authoritatively that details of the super-profits tax will not be announced in the Budget, which will merely enunciate the principle to be followed by the Government. Experts are now studying methods of implementing the tax, which is regarded as a move to counter inflation and to meet woolgrowers’ complaints that they are the only section of the community asked to make sacrifices.
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Otago Daily Times, Issue 27513, 6 October 1950, Page 7
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133EXCESS PROFITS TAX Otago Daily Times, Issue 27513, 6 October 1950, Page 7
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