TAXATION SYSTEM

Poverty Bay Herald, Volume LV, Issue 17236, 16 April 1930, Page 5

TAXATION SYSTEM

A FARMER’S APPEAL “RETROSPECTIVE AND UNJUST” (Pur Truss Association.) WELLINGTON, this day. In the Full Court ease concerning increased land tax and income tax in respect- of income from farm lands, levied under the Land and Income Tax Amendment Act of 1929, counsel for the plaintiff, Air. H. F. Johnston, said it was an appeal against the right of the Commissioner of Taxes to assess the same income derived during 1928-29 in the assessment he made for 1929-50. It was also an appeal against the method of assessing farm income in any year whatever. The Act was retrospective and unjust, and the appellant was entitled to the favorable consideration of the court. For the Commissioner, Air. I*. B. Cooke said if he could establish that the term “taxable income” used in the Act of 192-3 meant income taxable according to the law of the year of. assessment, then on the first question his case was secure. He proceeded to argue this point. As t-o the question of the retrospective nature of the recent legislation, he contended that the amendments were retroactive, but in no way retrospective.