TAXATION IN BRITAIN.

Waikato Times, Volume 103, Issue 17385, 23 April 1928, Page 6

TAXATION IN BRITAIN.

CHANCELLOR'S PROPOSALS RAISE MOTORISTS’ IRE. AN IMPOST ON PETROL. (Australian Press Assn.—United Service.) LONDON, April 21. The Cabinet has finally approved of the Budget. A principal feature is a reform in the system of rating, which is aimed at assisting agriculture and industry, the former by freeing agricultural land from rales, and the latter by the allocation of large sums to relieve the “black spots” of industries from rating liabilities. It will be a highly controversial scheme, as it rearranges the functions of local government. The Daily Express says a bombshell is the decision to tax petrol, in addition to the present high horse power motor tax. Over 1,000,000 motorists are preparing to declare war on the Chancellor of the Exchequer, Mr Winslonc Churchill, in the event of the fulfillment of what is described as his amazing decision to add a pc(rol tax of anything up to 4d per gallon to the present tax of £1 per horse power. The evening papers make a feature of the proposal, which is regarded as a bombshell. In'the past three years all the Budgets have contained a series of new taxes. The raids on the motorists’ road fund have run into many millions of pounds.