THE MORTGAGE TAX.
NO ALTERATION TO BE' MADE. "The' sauestion '.'. raised; is a .'very [important,: one,■'. and could' only be consid,ered'if>;a: general readjustment of taxation was required,' which,' at' present, is fortunately,-uot necessary": Such:is.the reply of tlie.Priine Minister to a question by_ Bil as. to':, whether ,the: advisability' of restoring the -mortgage, tax to the old rate would- be considered, the increased -revenue .to be. used in: placing 'articles of common necessity on the free .list.-:.. : .-. ..-- v--v..- :. -:..■:;:: "■/■< .;;::.- JUr.' Pearce (Patea) said that;in many cases the .mortgage. tax was an iniquitous tax.. In .particular it 'bore very. heavily on the -worirers.-"•". ■ '. ;"-:'■ . The Hon.-T.-Mackenzie■-declared;■ that special provisions' existed to:meet-..cases 'of hardship. ';;■' Mr; -Ell- (ChristcEnreh South) i .was of: opinion that - the Customs . tax. was. the most iniquitous: in this, country.."-, •''Mr.- >. llassey.f held: that, -income - : derived from mortgages \ should , pay \ income tax 'and should ■': not ~be called; upon to pay ; mortgage.;.tax..7 : i : / ..: -:- ; :: :. : : ::' ■ - . .;' Mte';fiemes'- :: (Tauta.hga):..-';. twitted the Prime -Minister, with■ having-, run away from:his proposal for ; a graduated income .taxr -because*- he ,;! was afraid, of '•'the'- rich ! men n whbm' : he -(Sir Joseph) represented:: ■.'.Sir: Joseph: The' fat men are. for; you.. V Mr.' Herries:? Then - why'.did you . run away?''(Laughter.)' ::: -:': ■:'■:. - :■.'■■?■>.''■''':;-
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Dominion, Volume 3, Issue 928, 22 September 1910, Page 4
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197THE MORTGAGE TAX. Dominion, Volume 3, Issue 928, 22 September 1910, Page 4
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