SUBMISSIONS
(N.Z. Press Association) WELLINGTON. The New Zealand Manufacturers’ Federation wants the Government to:
Cut the high rates of company and dividend tax combined; Adjust personal taxes; Raise depreciation rates on factory buildings; Abolish excess retention tax and land tax;
Make export tax incentives fair and equitable by relating deductions directly to
increased export sales; End the P.A.Y.E. scheme for companies formed after July 26, 1957, so that all companies pay tax in the traditional way; Exclude from income on which provisional tax is to be paid income from company dividends; Allow losses by whollyowned subsidiaries to be offset against profits of others in the group in arriving at taxable profit; Simplify tax procedures.
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https://paperspast.natlib.govt.nz/newspapers/CHP19660310.2.33
Bibliographic details
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Press, Volume CV, Issue 31005, 10 March 1966, Page 3
Word count
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114SUBMISSIONS Press, Volume CV, Issue 31005, 10 March 1966, Page 3
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This newspaper was digitised in partnership with Christchurch City Libraries.
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