DOUBLE TAXATION

Dominion, Volume 8, Issue 2452, 4 May 1915, Page 9

DOUBLE TAXATION

DISCUSSED BY CHAMBER OF COMMERCE.

The strain of double taxation of profits, of English companies doing business in the Oversea Dominions recently found expression in a memoiial forwarded to' the English Chancellor of the Exchequer, which was recently reprinted in the "Mercantile Gazette." This article was brought under the notice of the Chamber of Commerce by Joseph Nathan and Co., and evoked a brief discussion in which several members gave their experiences.

Mr. W. Bridson stated that his firm (Briscoe, M'Neil and Co.) had threshed the whole matter out in London with Mr. C. P. Skerrett, and the end of it was that they found they could do nothing in the matter unless the laws of the country were altered. . A member: "Well, isn't that what they are asking for (in the article)?" Mr. Bridson said that was so. He had sheaves of correspondence in his office over the matter, which' he would be glad to let the council peruse if they had a leisure hour or two.

Mr. F. W. Cuthbertson said that his firm 1 (Robert _ Chambers and Co.) had recently been'defeated in a case they had in Auckland, and were now taking it to England. The whole matter was referred to the Legislation Committee for presentation to the Government, with a view of bringing about some amelioration by conference with the Imperial Government. What is generally feared was that firms had' now to pay double taxation (in New Zealand and England), and on top of that a war tax was almost certam. ___________