RECOVERY RETARDED
LONDON STOCK EXCHANGE TAXATION HALTING INVESTMENT Received Oct. 30, 5.5 p.m. LONDON, Oct. 29. Discontent similar to that in business is at work over Sir John Simon’s excess profits taxation, which, as the mass evidence accumulates, is retarding recovery and penalising enterprise. This state of affairs partly explains the failure of equity shares to stage really substantial rises Investors are afraid of the Government’s interference in business and the regulation of prices which together hinder efficient management; while taxation may rob the shareholders not merely of the jam but of their bread and butter dividends. Therefore it is not surprising that investment market recovery over the past week centred in the gilt-edged section. But such investments have still some distance to go, even if the Government should be aiming only at 35 per cent, long-term rates.
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Bibliographic details
Wanganui Chronicle, Volume 83, Issue 257, 31 October 1939, Page 3
Word Count
138RECOVERY RETARDED Wanganui Chronicle, Volume 83, Issue 257, 31 October 1939, Page 3
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