Australia May Reduce Taxation
CANBERRA, Jan. 17. Federal Ministers believe that the Prime Minister, Mr. Chiftey, will soon ainnaunce taxation reduc■tions* of £30 millron yearly, beginning next financial year. >- - - Mr. Chifley, who will return tomorrow from a holiday in Tasmania, may make a preliminary 'report to thd Cabinet on January 1 27. In the six months ended December 31, the Government coPected £187,395,000 from all kinds of taxatloii. This was over £8,000,000 more ,than the Government coPected in ; the last six months of 1947, when ' direct and indirect taxes were 3 per cent. to 33.3 per cent. higher. I It is expected' that the total col- * lections for this financial year, ending June 30, will be nearly £520 . million, or £44 million more than 1 the Budget estimate. — N.Z.P.A. — Reuter, " "
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Chronicle (Levin), 18 January 1949, Page 5
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130Australia May Reduce Taxation Chronicle (Levin), 18 January 1949, Page 5
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