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THE SALES TAX

ITS ABOLITION URGED.

OPINION OF BUSINESS MEN L

YIELD EXCEEDS ESTIMATES

(By Telegrapi.—Press Association.) WELLINGTON, Friday. The result of the postal ballot among its constituent members on the question of the abolition of the sales tax was announced at a meeting to-day of the executive of the Associated Chambers of Commerce of New Zealand, the majority opinion being in favour of pressing for the outright abolition of the tax, In view of Its undesirable nature and the fact that the yield from It had greatly exceeded the estimates. The executive accordingly resolved that representations be made to the Government as follows: — (1) That the multiplicity of taxes is burdensome to the community and particularly -to traders; (2) With a view to reducing the number of taxes levied the Sales Act be repealed; (3) If, as a result of this appeal, additional taxation i-s necessary under another head, this association lias no objection to an increase in other established sources of taxation.

Tax Should Be Removed. The president, Mr A. 11. Allen, remarked that the resolution 'did not mean that the association was inviting extra taxation as a corollary the abolition of the sales tax. toine chambers had given as their opinion that the Government should, by economics and strict control of expenditure, be able to remov6 the sales tax without imposing taxation under another heading. Also the majority opinion was in favour of the complete abolition of sales tax, and not just a reduction in the rate of the tax, ■since the cost and trouble to the commercial community, who were collecting agents to the Government, would be just as great.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/WT19350607.2.35

Bibliographic details

Waikato Times, Volume 117, Issue 19596, 7 June 1935, Page 4

Word Count
274

THE SALES TAX Waikato Times, Volume 117, Issue 19596, 7 June 1935, Page 4

THE SALES TAX Waikato Times, Volume 117, Issue 19596, 7 June 1935, Page 4