OVER £l2 A HEAD PAID IN TAXATION

Sun (Auckland), Volume 1, Issue 89, 6 July 1927, Page 13

OVER £l2 A HEAD PAID IN TAXATION

LAST YEAR’S YIELD (From Our Own Correspondent.) WELLINGTON, Tuesday. The Government Statistician’s fig ales of the taxation per head of the population of New Zealand during 1926-27 shows a fall of 2s 5d as compared with the rate for 1925-26. The taxation per head of the mean popu lation in 1925 was £l2 3s sd. In 1926 £l2 7s lid, and in 1927 £l2 5s 6d. The fall in Customs revenue in 192 C-27 was considerably less than might have been anticipated, and has been counterbalanced by a corresponding increase in revenue from death duties. The increase of £183,139 in the total revenue from taxation is to a certain extent fictitious being due entirely to the fact that approximately £150,000 of revenue, under section 24 of the Motor Vehicles Act, which in the normal course of events would have been collected during the last quarter of 1925-26, -was not paid into the Main Highways Account until early in 1926-27. Details are outlined for the past two years:—1926. 1927.

£ £ Customs revenue S,573,388 8,355,045 Beer duty 629,558 621,813 1,266,659 1,229,067 Income tax 1,422,216 Bank composition 203,269 201,913 Duty on instruments 604,675 Totalisator revenue . 659,642 583,421 Amusements tax . . . . 64,162 63,555 Fees. etc., under Motor Vehicles Act 86,681 395,757 Other taxation (receipts tax. impressed stamps, etc.) .. .. 313,954 Totals 17,254,688 17,437,827