ON TARIFFS.
AUSTRALIA’S WORRIES,
BY CABLE—PRESS ASSN.-COPYRIGHT (Received 1 a.m., May 24.) MELBOURNE, Wednesday. At the Premiers’ Conference.the Premiers submitted States taxation proposals to Mr Bruce. It is proposed the Commonwealth should retire from the field of income taxation and contingent on this being done, the States to relinquish claims to any share or the Customs and Excise revenue, and if necessary to recoup the Commonwealth. Under these proposals, the -amount payable in each year by several States could be determined in conference with the Prime Minister, this arrangement to be embodied in a 10 years’ agreement, between the .Commonwealth and the States. Mr .Bruce rejected tlic proposal, stating that if the Commonwealth withdrew from the sphere of income taxation, and per capita payments were withheld, the Commonwealth, in order to meet obligations, would have to raise between seven and eight milliens.
He added that for the past five year's, the Customs revenue had not covered expenditure. There was no hope for years to come that war expenditure would be less than 274 millions, and Australia would be very, lucky to collect that revenue if the tariff remained as it was at present.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/THD19230524.2.45
Bibliographic details
Timaru Herald, Volume XCVIII, Issue 18084, 24 May 1923, Page 7
Word Count
193ON TARIFFS. Timaru Herald, Volume XCVIII, Issue 18084, 24 May 1923, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Timaru Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in