TAX BURDEN ON CAPITAL
LORD lIAREWOOD COMPLAINS LONDON, Se.pt. 7. 'Flio Earl of Harewood, who, with Princess Mary, entertained his tenants to luncheon at Harewood House, said it- was becoming more and more diiliiculL to maintain a large agricultural estate.
“The whole trend of modern taxation,” he proceeded, “is more and more to put the burden upon capital, and if your capital is sunk in land, in thq lorm of buildings, fencing, and drainage, you cannot realise that capital in order to pay taxes except by. selling the land.
“f am Kirilicienty oidt-fasliioiied to Ihink that this wrong. The disturbance created by selling agricultural estates is greater than any good which can come from it.’ ....... ..... ~ ,
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Bibliographic details
Poverty Bay Herald, Volume LV, Issue 17406, 3 November 1930, Page 11
Word Count
115TAX BURDEN ON CAPITAL Poverty Bay Herald, Volume LV, Issue 17406, 3 November 1930, Page 11
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