WAR PROFITS TAX.
Sir,—Sir Joseph Ward's outlineof this I mcasunrtn tho Budget indicated that the tax would be struck on the difference botween the profit earned in' a "war year" and the average profit of the three next proceeding years of peace. Hay I be permitted by your courtesy, to point out that this basis of calculatioa would operate most- unfairly in some cases? .the man who had the good luck to havb h«d three 'good seasons would have his war profit thereby reduced, whereas iin who.by drought, Hood, or pestilence had suffered one or more bad years in the three would have his tax increased. Obviously, the best of the three years preceding the war is the fair measure of earning capacity in peace times, and should be the basis over and above which war profits are calculated.—l am, etc., J3QUITAS.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/DOM19160623.2.37.1
Bibliographic details
Ngā taipitopito pukapuka
Dominion, Volume 9, Issue 2804, 23 June 1916, Page 6
Word count
Tapeke kupu
142WAR PROFITS TAX. Dominion, Volume 9, Issue 2804, 23 June 1916, Page 6
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Dominion. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in