BRITISH INCOME TAX

Dominion, Volume 9, Issue 2642, 13 December 1915, Page 6

BRITISH INCOME TAX

PROTEST BY BUSINESS MEN ■ * By Telegraph—Press Assoolatlon-OopyrljM London, December 10. Over a hundred people attended'an income tax meeting representative of most of the leading Anglo-Australasian' institutions, including Dalgety's tie New Zealand Loan and Mercantile Agenoy Company, and also many private men with colonial interests. Sir Westby Percival presided, and said) it was a poor return for all they had done for the Empire that they should be forced to pay double war taxation. The result of the tjis was that capital had been withdrawn from the colonies, where it was urgently needed, and being invested elsewhere. The meeting resolved) that the infliction of double and in many cases treble income tax on residents, firms and companies ~ in the United Kingdom deriving income from other parts of tlie Empire was unjust and inequitable and contrary to _ Imperial interests, and would materially disturb, restrict, and unjustly penalise tradle within the Empire, and cause the withdrawal of preBont investments and prohibit further investing of capital and further donations,' thereby seriously retarding development. - A strong committee of business men was appointed to bring the subject before the Imperial and colonial Governments. with the object of securing an alteration ,in the law.