LAND AND INCOME TAXES

Taranaki Daily News, 10 June 1930, Page 9

LAND AND INCOME TAXES

PRESENT ACT DEFENDED PLACES BURDEN ON WEALTHY LOOPHOLES TO BE CLOSED By Telegraph.—Press Association. Woodville, Last Night. Dealing with kind and income-tax in his address to electors to-night, the Minister of Lands, the lion. E. A. Ransom, said the United Government had placed the burden of taxation on the shoulders of those best able to bear it. The Reform Government had preached this but had not practised it. The present law was not.perfect as many escaped under the hardship clause. 'Wealthy landowners with an income of £3OOO had escaped while a manager with an income of £5OO had paid tax. They would see how far the opposition would assist them to make the Act as nearly .perfect as possible. Mr. Ransom quoted figures showing that throe taxpayers were required to pay an additional tax of £6030 compared with that paid by them on the previous year. Another man had paid an income tax of £740 who had previously paid £l3 in land tax. The special land tax was assessed at £350,000 and remissions under the hardship clause amounted to £95,000.