MUTUAL TRADING PROFITS
TAXATION NOT FAVOURED. OPINIONS OF THE CHAMBERS. By Telegraph—Press Association. Wellington, Last Night. Expressions of opinion in response to a circular inquiry in favour of the taxation of mutual trading surpluses of mutual and co-operative trading concerns in New Zealand were read from numerous chambers of commerce at a meeting of the Associated Chambers today. It was decided that the matter be taken •up with a view to having the proposal brought into effect. With regard to the position in New Zealand chambers expressed the opinion that special considerations applied in the case of building societies, dividends from which were taxed in the hands of the recipients, which was in keeping with the view of the chambers of commerce that company taxation should be abolished in favour of individual taxation.
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Bibliographic details
Taranaki Daily News, 2 June 1934, Page 7
Word Count
133MUTUAL TRADING PROFITS Taranaki Daily News, 2 June 1934, Page 7
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