TAXATION OF WAR PROFITS.
Sir,—Your leader on the taxation of war profits in this morning's Dominionis very timely... 1 ' Une aspect that X liave not yet seen touched upon is the case of . companies where the capital has been increased during the past three years. Take the case of a company whose capital in 1918 was ,£lU,Ooi), on which a profit of JiloOO. is made. Supposa this capital increased during 1015 to copowith tiio normal growth of the "business to <££0,000, and that the profit becomes ut'2(K)o. lii the one case a return of 15 per cent, 'is shown, aud in the second 10 per cent., and. yet according to this taxation Hill-the extra J.'500 profit is to pay 45 per cant., although tho business nas really, shown a. decline due to the war, in ratio ol 'profit to capital.—l ain, etc., cHAREauLiItH. .
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https://paperspast.natlib.govt.nz/newspapers/DOM19160624.2.25.2
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Dominion, Volume 9, Issue 2805, 24 June 1916, Page 7
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143TAXATION OF WAR PROFITS. Dominion, Volume 9, Issue 2805, 24 June 1916, Page 7
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