EXCESS PROFITS TAX
CERTAIN JUSTIFICATION. “It is the principle of a tax upon the growth of profits which has commanded widespread approval. It will be remembered that the Excess Profits Duty originated in the feeling that enormous profits ought not to be made in a time of national emergency, and that those who benefit from the increase in Government expenditure should make a special contribution to meet it. That is, broadly speaking, also the justification for the new tax. Within the limits of this sound principle Mr Chamberlain has done his best to meet legitimate grievances, and has gone far enough to show how exaggerated was much of the outcry caused by his Budget speech.”—The Times, London.
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Bibliographic details
Te Awamutu Courier, Volume 55, Issue 3938, 11 August 1937, Page 8
Word Count
117EXCESS PROFITS TAX Te Awamutu Courier, Volume 55, Issue 3938, 11 August 1937, Page 8
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