LIFE INSURANCE TO AVOID TAXATION
Eeceived Weptapsday, 8.15 p.m. SYDNEY, Sept. 24. ' Startling revelations of concealed hoards are expeeted from the Taxafion Department investigation into hundreds of paid-up single premiiun life insurancp policies. Investigators believe these policies have been used as a mefhod of tax evasion by hundreds of people during the past five years. Mgny prosecutipns are pending. Officials say people with surplus cash which would he taxable iiicpme if displosed to the departmept, fopk out poliejes for themselves and families and paid in full on the spot.
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Chronicle (Levin), 25 September 1947, Page 5
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89LIFE INSURANCE TO AVOID TAXATION Chronicle (Levin), 25 September 1947, Page 5
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