UNEMPLOYMENT TAX

Waipukurau Press, Volume XXVIII, Issue 123, 19 May 1932, Page 7

UNEMPLOYMENT TAX

ANOMALY AND INJUSTICE. ACCOUNTANT S VIEWPOINT

To point out what appears to be an anomaly in the legislation covering the payment of unemployment tax, which imposes a serious hardship on professional men, the executive committee of the New Zealand Society of Accountants at a recent meeting decided to communicate with the Minister of Unemployment." It was pointed out that whereas the person in receipt of salary or wages pays unemployment tax on the amount he actually receives, , the professional man is required to render a return and pay tax on a past year. In most cases the income during the 1931 year was in excess of the income which was earned in the present year and it was felt that professional men and others were suffering a hardship by having to pay tax on a basis of income earned in a prior year. The society had previously pointed out to the Minister of Employment that a person in business on his own account up to March 31, 1931, and thereafter in employment is called upon to pay tax both on the income to March 31, 1931, and on the salary or wages which he was in receipt of as from August 1, 1931.