PRINCIPLES AND INCIDENCE OF TAXATION

Dominion, Volume 10, Issue 3179, 1 September 1917, Page 7

PRINCIPLES AND INCIDENCE OF TAXATION

ROYAL COMMISSION ASKED FOR. By Telegraph—Press Association. Christchurch, August 31. At the annual meeting of the Canterbury Chamber of Commerce to-night the following motions were carried:— That the present proposed means of deciding compulsory liability to contribute to war loans aro unsound in that they base tho liability to contributo on tho taxes payable for a given year, thus accentuating any inequity, .anomaly, disability, or evssion in Ihe taxpayers' taxation for that year, and also bringing too short a period under review while they fail to consider the taxpayers' capital and present /esponsibility. "That contributions to war ioans should be in proportion to ability to contribute. This depends on capital mil income in relation to tho lenders' present responsibilities. That nny accessary compulsion should be -exercised on the order only of an authority such as a Judge of the Supremo Court or Koynl Commission appointed la decide Ihe compulsory liability in each oa=c.' That, the Government be re.cominwided to forthwith appoint a. Royal (>ininission to inquire info- proper principles and incidence of all taxation in N'ew Zealand and to make recommendations ns lo all taxes whether direct on indirect to be lovied for tho financial year, commencing July 1, 1918.