AND TAXATION

Bay of Plenty Beacon, Volume 15, Issue 6, 6 March 1950, Page 4

AND TAXATION

Sir, —Taxes are a burning question. Politicians are not above making tax promises which can only be kept by shifting the tax burden from one group to another. A favourite subtefuge is to reduce the personal income tax and make ujj the loss by increasing the tax on business. The bigger the business the better the voters like it. But we should know what taxes produce; and what results. As this is done to get the vote of the electors! Note! Electors forget that the corporations and business in general are not, and cannot be made taxpayers. Corporations and unincorporated business concerns do not pay taxes, they collect them. Increased business and < corporation tax removes the pounds from a source more easily replace them by simply raising prices which you and I must pay. Witness the rise in the cost of living index every time the personal income tax has been reduced, and business commence to take up the slack by higher prices on jmerchandise already in stock before the increased income tax increase. Corporate and unincorporated firms are “Tax Collectors.” This can be rectified by a compensated price! Free, free from tax subsidy. Yours etc., 7 W. BRADSHAW.