TAXATION PROPOSALS.
CO-ORDINATING PUBLIC BORROWING. By Tolcgrapli—Press Association—copy rig nt Australian and JW.Z. Cable Association. (Keceneu May 4. IO.Ao a.m.) BEK A LT, may 4. Mr Bruce, Common weaitn crime Munster, outlining the proposals ior the freiniers’ (Jomerenc-e, said tnat the Commonwealth was proposing to withdraw from the field of taxation where income was less than £2OOO. The leeway would be made up by taxing the j excess of incomes over £2OOO at a rate ! applicable to the whole amount of income. no tax free loans to be issued in future. A Council of Federal and State Treasurers would be appointed for the co-ordination of public borrowing. Mr Bruce added that it would be proposed that Anzac Day should be observed a.s a national holiday on April 25. Mr Bruce also announced that he was providing half a million for the States, on a pound for pound basis, for national main road development, and steps were being taken to encourage cotton production.
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Bibliographic details
Star (Christchurch), Issue 17032, 4 May 1923, Page 7
Word Count
162TAXATION PROPOSALS. Star (Christchurch), Issue 17032, 4 May 1923, Page 7
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