INCOME TAX SLASHED
(N.Z.P.A.-
Australians Will Be Saved 136,000,000 Yearly
§ m/fiMJ
ReedvM Wgdimsd&y/ 1-0 0AMEK1A, Feb", 0, . The Fe&erai ParliaMefitary, cdtidtis has ahpfoved iiiecihe iax etita -tc ppefate freiii Jtlly 1, ranging from 4.0 per ceiit. on high incomes to 42 per eent, On low iiicomes. ' They affect incoTfies frdni persOhal exe'rtioii oflly ranging from £150 to £15,000 yearly/ and will give the most relief to people in the low and rhiddle incOme groups. Members say there are indications that the Government will eonsider more income tax cuts to operate from January 1. The decision wijl save tax-' payers £36,500,-000 in the nextfinancial year.
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https://paperspast.natlib.govt.nz/newspapers/CHRONL19490209.2.26
Bibliographic details
Chronicle (Levin), 9 February 1949, Page 5
Word Count
104INCOME TAX SLASHED Chronicle (Levin), 9 February 1949, Page 5
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