DOUBLE INCOME TAX.
HARD ON DOMINIONS, Australian and N.Z. Cable Association. LONDON, March 6, In the House of Lords, Lord Strathspey drew attention to the hardships and injustice which the Dominions suffered because of the imposition of the double income tax. Lord Denman supported his observations. Lord Hylton, replying, said that the Treasury would shortly reconsider the whole matter. He admitted that there was practical hardship, but the same taxes were imposed on foreign countries. If the hardship were removed, the Exchequer must suffer. The colonies, in this matter, wanted to have the best of both worlds. It must be remembered that the development of the Dominions had been secured, in the first instance, by British capital, and, therefore, the Dominions should consider the question of making some compromise. If taxation upon colonial investments were cut off, it would be the abandonment of the principle of the income tax in Britain for many years.
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Sun (Christchurch), Volume IV, Issue 959, 8 March 1917, Page 7
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154DOUBLE INCOME TAX. Sun (Christchurch), Volume IV, Issue 959, 8 March 1917, Page 7
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