THE ABSENTEE TAX
ITS ABOLITION URGED. CAPITAL OF DEVELOPMENT. United Press Assn. —Elec. Tel. Copyright. LONDON, December 12. Mr Harold Brown, at the annual meeting of the New Zealand Loan and Mercantile Agency Co., Ltd., urged the abolition of the absentee tax on debenture and loan interest payable by those not residing in Australia and New Zealand, which still require large amounts of outside capital for development, which the abolition of the absentee tax would encourage investors here to supply. All the Dominion Government and municipal loans Issued here are exempt from taxation. He hoped New Zealand’s Prime Minister would be able to maintain his determination to proceed slowly and cautiously, in face of the pressure which will be brought to bear on him to make a new world overnight.
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Bibliographic details
Waikato Times, Volume 118, Issue 19759, 14 December 1935, Page 14
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130THE ABSENTEE TAX Waikato Times, Volume 118, Issue 19759, 14 December 1935, Page 14
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