LIFE INSURANCE TAXATION.
(To the Editor).
Sir,—Referring to the article on life insurance taxation appearing in your issue of to-day, I desire in the interests of my department to make it clear that it is paying more in land and income tax to the New Zealand Government than any other 1 life insurance institution, and on the basis suggested in the article would probably continue to. pay more. I take this action in order to remove any erroneous impression that the Government Life Insurance Department is receiving better 'treatment *han its competitors. As regards the statement that, “it is now 5 recognised that interest is the only fair basis of income tax,” perhaps I may be excused if I say that very few, if any, of ' the' leading authorities . agree with this statement;, in fact, the weight of opinion is that, if life insurance offices are to be taxed at all, there are more equitable methods of taxation. — I am, etc., ' A. E. ALLISON, Government Insurance Commissioner Wellington, August 6, 1930.
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Taranaki Daily News, 12 August 1930, Page 13
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171LIFE INSURANCE TAXATION. Taranaki Daily News, 12 August 1930, Page 13
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