WAR TAXATION.

Waipawa Mail, Volume XXXVII, Issue 7920, 18 August 1917, Page 3

WAR TAXATION.

P PROPOSED INCREASES. WELLINGTON, This day. U interesting tables showing the of the proposed increases of pn were presented to the House j Joseph Ward when speaking oquestion. The figures, he said, that large taxpayers who had pod the excess profits tax under air’s Budget, would have their ju increased by the new scheme, >re would be a reduction in ■stances where the excess proijf«B heavy last year. The Minmpbasise<V the uncertainty and tfty of the operation of last itaxation, and said that the new r rould work uniformly and, he *d, fairly. Its effect was shown (following table, which did not if any excess profits taxation: — ■able Present

Tax. £ s. d. 11 13 4 31 5 0 49 11 8 219 11 8 386 5 0 580 13 10 1,228 6 8 1,778 6 8 3,611 13 4 9,111 13 4 18,278 6 8 id Tax. Increase. !. d. £ s. d. 110 0 0 16 8 1 3 9 10 18 9 1 6 3 20 14 7 1 9 7 29 11 11 IIS 3 146 11 3 1 6 3 339 12 5 ! 610 1,329 3 4 110 0 1,904 3 4 110 0 3,820 16 8 9,570 16 8 no o 110 0 19,154 3 4