AGENTS FOR OVERSEA FIRMS.

Dominion, Volume 3, Issue 662, 12 November 1909, Page 6

AGENTS FOR OVERSEA FIRMS.

■.:',■ .;POSITION' AS' TO INCOME TAX. .'■ 'v '; (By Telc-eraph-Prcss ' Association.) •'.■'. '■.:■■■''■■' .'-■ '■■''■.::■:'■■' Duncc)!ii, November 11. At the Magistrate's- Court to-day the Com* missioned of .Taxes socgllt to. .recover from George' Lyon'/Dcnniston the sum of 9d.: a6 r inoome tax-, for 190S-09, with ton per ■ oont. .Interest. ':■':'-.•.--A , ; ..)i-.--'f''•■'.'■,■ ...' .Defendant,: in his : evil itce," stated that ht had been assessed as v aftent for*: certain non. residential traders, viz.,: M'Lood and Company (Calcutta) and , Patterson, .Simons, and Cora, pony (Singapore). Hβ had. not donoany business for M'tad / rind , , Co.'. for i two'. years, but ho'still-took orders for Patterson)' Simons, aad Cov, rinil. fprwardiid ■ thbra ! .to Mas ..'principals, who co\ild ;refnM or accept orders a< thej ■thow.tjht fit.,-Goods were sold! cXf.' l and wcn delivered to' tho' crtstomet ,on .hi*-'.tlraft beinl honoured, and' witness's'responsibility- cnde{ when a\:'-order, ttas ot'Cojltcd.; Hβ did not han die-either goods ormoney,; and settled *itj , his principals with Yrbgard• to (ioaiinission t! thfe wwl bt o&di ycai , .. !■.:■,;'.>: ; :'■ •:,, v ; ■■•■■ Counsel fer tho defence contended that dq fondant,was only liable to pay tho lax on suol '' Income ns rtached hie or was cbntniilei by him; Another point nf tlcfcnco \v»s nha* tie profits \vcre not *arncd in New but in Singapore, whtro tho contract wa* so ConUd. .' . ' , Counsel' for tho proseoution argned that, ai defenuant wat tho Agent, ho was taxable* ThGro, could be nn profits until money \w made, and hero tho money und profits, t,-«\ lend* and paid in New Zealand. ' • Mr, Widdowson, S.M., reserved judgment ■'■!■'