TAXATION DETERS TRADE EXPANSION
;v. . ■* . A'TiA-. '■ .yk?; 'X % i ? j 't HeeeiVed (Tuesdav, 9 p.m. V ' ' SYDNEY, July 2. • Australia's liigh taxation was lcnown unfavouralily all over the world, said Xlr. II. F. Richardson, Deputy Comniissioner of the Commonwealth Disposals Conimission, 011 arrival today from the United Btates. Ta.xation. must be reduced if Australia was to have the benefits of rapid developments in technical processes and modern inventions. brought about by the war. There was nothing dishonourable in capital looking for adequate reward and such reward was hardly possible in Australia when the risks of a new enterprise were taken into aecount. Xlilton lieynolds, appalled by the high taxes, had called a halt to preparations he had made for commencing the production of fountain pens in Australia. Even in South America the people talked of the high taxation in Australia. There were large imniediate markets for Australian produce all the way from Canada to the JSouth Ameriean republies.
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Chronicle (Levin), 3 July 1946, Page 5
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158TAXATION DETERS TRADE EXPANSION Chronicle (Levin), 3 July 1946, Page 5
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