SPECULATION CRAZE
TAXATION ANOMALY Women Participate in Deals on Stock Exchange BUSINESS ENTERPRISE C UKTAILED. [ By Telegraph—Per Press Assn.—Copyright] Received April 20, 8.10 p.m. LONDON, April 19. Mr Henry Morgan, vice president of the Society of Accounts, speaking at Cardiff, said that the craze for speculation was extending to every section of the community, particularly women. He added: “I have heard of cases of women selling their jewels to speculate on the Stock Exchange, and several cases of small fortunes being made by a sudden jump in shares. The principal cause of speculation ia taxation whewby the Government takes by way of income tax and super tax from 30 to 50 per cent, of a man *s earnings. Naturally business men hesitate to risk capital in business ventures, and prefer to risk a speculation wherein the profit is free from taxation.
This attitude is far more widespread than is generally imagined.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/WC19280421.2.29
Bibliographic details
Wanganui Chronicle, Volume LXXXIII, Issue 20127, 21 April 1928, Page 7
Word Count
151SPECULATION CRAZE Wanganui Chronicle, Volume LXXXIII, Issue 20127, 21 April 1928, Page 7
Using This Item
NZME is the copyright owner for the Wanganui Chronicle. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.