TAXATION ON WAR PROFITS

Dominion, Volume 9, Issue 2810, 30 June 1916, Page 6

TAXATION ON WAR PROFITS

Sir,—Allow me a few lines in. your valuable paper on the alove subject. I do not know how it is possible tu tax a professional man on his "war profits." Ji'or instance, take a doctor, dentist, or solicitor, who has.only been, in reactico five or six years, and very likely does not do JE3OO per year for first two years, but by a steady increase the practice becomes a really good living through hard work and close attention to business. Now surely, sir, it would bo most in-just to tax this beginner 45 per cent, on all he had mado over his average takings for the past three'years. A man with a family of four is the case I hove in my mind, who emild barely struggle along and pay his way two and a J<alf years ago. But now he is on his feet, 'and probably doing .£250 more than two years ago, and I defy any business man to. prove that it is "war profit." It merely shows there was an opening for that particular profession in that city, and the man stuck to his guns and overcame the hardships of the first three years. There is a clear "war profit" on wool, wheat, and cheese no one can dispute.—l am, etc., .' ' TUSTICE. [So far as is known, trading businesses •and primary producers alone will come under the war profits tax.l