INEQUITABLE INCOME TAX

Taranaki Daily News, 8 February 1928, Page 2

INEQUITABLE INCOME TAX

AUCKLAND COMPANY’S COMPLAINT. By Telegraph.—Press Association. Auckland, Feb. 6. At tho annual meeting of the Auckland Gas Company, Mr. Upton, chairman, referred to the inequitable incidence of income tax whereby the Gas Company’s very active rival, the Auckland Electric Power Board, was exempted while the Gas Company paid £17,500. It was a differential tax found only in half civilised countries, * < but/ > continued Mr. Upton, “our Government is superior to all that and is a law unto itself. No redress is made. Consider what would happen were the Government to extend its operations a little further and undertake the whole business of the country and apply the same method of exemption as now applied to municipal and Government tradnig. All businesses would be exempt and revenue would have to be found by lawyers, agents, teachers, doctors, editors of newspapers—by the professional classes, in fact, aided by any unfortunate old people who under happier circumstances had saved a few pounds for their old age.’