DROUGHT AND TAXES
BRISBANE, Nov. 2-1
A vivid lesson is given in the report of the Commissioner of Taxes in the matter of the effect of the drought on income lax receipts. For 1924-25 the percentage of the total fax paid _ by sheep men was :t5>224, in I92fi-2fi it was 33.7<>5, in 192(5-27 18.29, and in 192W.S ILobTi. The tax assessed in respect in sheep men was in 1924-24, £725,476; in 1925-20,£433.57.1; 19215-27, £291,720, and 1927-28, £221,248. The cattle industry plays an unimportant pail in direct fax contribution*. In 1924-25 it assessed al only 1.11(58 per cent, of the total; in 1925-2(5, 0.882; in 192(5-27, 1.049, and in 1927-28, 1.070. In the matter of tax derivable from sheep men it must be noted that the price of wool has had an important effect, and again there is the circumstance that a very considerable area of the slice)) country has not suffered much from drought. Thus .there is the point that in a bad drought period the grazing industry's contribution to income tax is a negligible quantity.
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Bibliographic details
Poverty Bay Herald, Volume LIV, Issue 16826, 13 December 1928, Page 13
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176DROUGHT AND TAXES Poverty Bay Herald, Volume LIV, Issue 16826, 13 December 1928, Page 13
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