WAR TAXATION

Dominion, Volume 9, Issue 2738, 5 April 1916, Page 5

WAR TAXATION

PREFERENTIAL TRADE AND WAR

PROFITS IMPOST.

By Telegraph—Press Association—Copyright

(Rec. April 4, 8.50 p.m.)

London, April 4. Mr. Bonar Law (Secretory .of • State for the Colonies) and Mr. Rimcinian (President of the Board of Trade) received a deputation from tho Associated Chambers of Commerce, urging preferential trade witd the colonies and our Allies.

The "Daily Chronicle" anticipates a huge tax on shipping -and coal mining, in which the earning of abnormal war profits is arousing strong feelings amongst the working classes. ' The "National Review" suggests that an Allies' surtax should be imposed on all imported German goods, and the proceeds paid into a common fund, to bo utilised for defence. Tho "Review" points out that if a. o per ceivc. surtaxwere imposed on the imports as they oiisted in 1912 on goods imported into Allied countries, it would yield thirteen millions. ' ■ - A special surtax of 10 per cent, should be imposed on goods carried on German vessels in oider to combat the German subsidy. The peace terms sliould .block Germany granting export bounties; should meet Germany's subtler inroad on internal commercewith moro drastic naturalisation; should prohibit German membership on the Stock Exchange, and the quotation of German securities; prohibition of German banks, and a heavy, poll tax on German commercial travellers. The "Review" adds: "England must change her fiscal policy."