INCOME TAX PAYMENTS
By Telegraph.—Press Association. WELLINGTON, M0,,,1ay. The Minister 0 f Finance has had placed before him a suggestion that the payers of income tax should he allowed to make payments in two equal instalments. Mr Massey said his responsibility as Minister of Finance would not permit him lo make the concessions that were being asked. Many taxpayers hud already made payments, and seeing Hint the Dominion's financial year would (dose at fli id of next monlli Ihe eri'ecl of the request would be that one instalment of llie income tax would stand over Into Ihe nexl financial year, s<fc Massey said if this concession were made, the Treasury would have to call for a year and a half's income lax during the coming financial year, for if H. allowed .an instalment I" stain) over again limn the Government would lose a half year's income tax, and it cannof afford to do Hint. The division of the lax was not possible when the money was being collected right al the end of the financial year. If Ihe money was going to be paid by instalments then Ihe first instalment musl he paid early in the financial year.
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Bibliographic details
Waikato Times, Volume 94, Issue 14597, 22 February 1921, Page 5
Word Count
198INCOME TAX PAYMENTS Waikato Times, Volume 94, Issue 14597, 22 February 1921, Page 5
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