CHAMBERS OF COMMERCE.
IMPORTANT RESOLUTIONS. Per Press Association. Wellington, October 30. At the Chambers of Commerce conference there was a long discussion on a remit that all profiteering departments of the SSato, in cases where the whole of the profits are not paid into the Consolidated Fund, or where they are not already liable for income Lax and land tax, should be made liable for income lax and land tax fn tiie same manner and under the same conditions as private businesses are made liable. That all local authorities should bo made liable for income tax and, land tax in respect of their commercial activities, was eventually carried i>y 17 votes to 12. llogarding the taxation of companies, it was decided to urge upon the Government the necessity lor amending die Act, and also to urge the Minister for Finance to apply to all incomes derived from capital invested in registered undertakings the like measure of graduation in taxation as is already permissible in the eases of incomes drawn from similar undertakings not so registered.
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Stratford Evening Post, Volume XXXVII, Issue 83, 1 November 1918, Page 7
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175CHAMBERS OF COMMERCE. Stratford Evening Post, Volume XXXVII, Issue 83, 1 November 1918, Page 7
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