Taxation
Sir, —I read with much interest Mr J. Newman’s address to a gathering of high country farmers at Lake Tekapo. when he made proposals to solve their problems, and at the same time to achieve the national objective to increase production. Probably the greatest obstruction to increased production on farms—and the simplest to remove, is the higher tax on any increased income derived from increased production. It would cost the Government nothing to remit all taxation on income in excess of a normal year—in other words—peg the farmers income (as returned for this year) and remit anything in excess, for, say, five years, when the situation can be reviewed. This would encourage farmers to strive for increased production. If we want increased production let's make it worth while for the farmer, or else get out and do it ourselves.— Yours, etc., J. E. BARKER. Blenheim, February 1, 1966.
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Press, Volume CV, Issue 30976, 4 February 1966, Page 12
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149Taxation Press, Volume CV, Issue 30976, 4 February 1966, Page 12
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