THE WAGES TAX.
FIRBT MONTH’S RETURNS. \ TOTAL ABOUT £50,000. WELLINGTON, Tuesday. The sale of wages tax stamps In the Dominion during the first month, which totalled £32,500. This does not include the amount of wages taxes paid directly into the post ofilee in sums of £5 or more and an additional £IO,OOO was collected in this way, together with the tax on wages and salaries of civil servants. The total yield from stamp sales and all sources was about £50,000 for the month. It is considered that the monthly Income will not show a great variation, so that the annual yield from the emergency wages tax should reach about £600,000. When the Prime Minister introduced the proposals he estimated a total revenue of £-iSO,OO.
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Waikato Times, Volume 110, Issue 18441, 23 September 1931, Page 2
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124THE WAGES TAX. Waikato Times, Volume 110, Issue 18441, 23 September 1931, Page 2
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