THE DOMINIONS AND THE DOUBLE INCOME TAX
DISCUSSION IN THE HOUSE OF LORDS. (Rec. March 7. 8.40 p.m.) London, March 6. In tho House of Lords, Lord "Strathspoy drew attention to the hardship and injustice the Dominions suffered under tho double income tax.
Lord Denmau supported. Lord Hylton. roplvinc, said that the Treasury -would shortly reconsider the whole'matter. Ho admitted the practical hardship, hut tho same taxes were imposed by foreign countries. If the hardship wero removed the Excheauer must suffer.. The colonies in this matter wanted to have the best of hoth worlds. It must be remembered that the development of the Dominions had been secured .in the first instance hv British capital, and .therefore the Dominions should consider the question of making some compromise. If the taxation of colonial investments were cut off there would be an abandonment of tho principle of.the income tax in Great Britain for many rears. —Aus.N.Z. Cable Assn.
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Dominion, Volume 10, Issue 3022, 8 March 1917, Page 5
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155THE DOMINIONS AND THE DOUBLE INCOME TAX Dominion, Volume 10, Issue 3022, 8 March 1917, Page 5
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