COLONIAL INCOMES.

Auckland Star, Volume XXXVIII, Issue 170, 18 July 1907, Page 5

COLONIAL INCOMES.

Justifying Taxation.

.(Eeceived 7.58 ajn.)

LONDON", Jnly 17. In the House of Commons, in connection with the Finance Bill, the Chancellor of-the Exchequer (Mr. Asquith) caused to accept Mr. J. F. Kawiinson's cause exempting income which already paid income-tax in the colonies from assessment in Great Britain.

Mr. Asqmth said he went very tho*»ghly into the matter with Mr. JDealdn aid Dr. Jameson at the Imperial Confer- ««, and he flattered himself that he ifca Encceeded hi persuading them that it **s quite impossible for the Imperial Gorennnent to make any change in the aueation desired. He was unable to "grce that any grievance existed with Kgard to individuals. If any man -who "s&d in Great Britain enjoyed the protection of British laws it was only fair *b» lie should contribute to the incometa.onlis whole income, wheresoever it ■**• When a company was snbsfctnB*By "Strolled and directed in a K * !a 7 or foreign country the income-tax **>m]ypayable on part of the profits Knotted.

Lwerton-Harris, member for the 3»«r Hamlets, hoped that the nest BudP* would provide that colonial and tOßign companies which did their busi*s in England, thereby competing with f~psli companies, should pay incomeex.