COMPANY TAXATION
RESOLUTION BY STOCK ' s EXCHANGE: The "Wellington Stock Exchange pass, ed the following motion yesterday "1. That the proposed system of tax. ing companies -will have a far-reaching effect by causing a heavy drop in sharea and diminished dividend.
"2. That depreciation in tho market value of shares will in many cases be very severe, thus causing shareholders, large and small, heavy capital losses as well as diminished income.
"3. That persons thus affected, who were disposed to borrow to invest in the "War Loan, are suddenly compelled to refrain from doing so fearing embarrassment from these losses in capital and income.
"i. That the -Minister of Finance is urgently, requested to take these points' into consideration, and to • accord relief by taxing each shareholder on his share and other income under the ordinary in. come tax and thus relieve the companies from paying tax on dividend."
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Dominion, Volume 10, Issue 3181, 4 September 1917, Page 6
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149COMPANY TAXATION Dominion, Volume 10, Issue 3181, 4 September 1917, Page 6
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