EXCESS PROFITS TAX
Committee’s Decisions On Appeals ANALYSIS OF FINDINGS The Excess Profits Tax Committee, consisting Of Messrs. W. R. Birnie, P. B. Pattrick and jH. M. Christie, has completed its deliberations. The Minister in charge of the Land and Income Tax Department, Mr. Nordmeyer, stated last ’evening that 1705 assessments for excess profits had 'been made by the Commissioner of Taxes, and in respect of these 112 appeals were lodged'. In 18 cases the committee had upheld the Commissioner’s assessment, in 39 his assessment was reduced, and.in 55 the committee found that no excess profits had been derived.
The Minister said that from information at his disposal, it appeared that the committee had done a very fine job of work. The amount of excess profits tax so far collected was £482,000, and It was expected that some additions to this would accrue before the end of the financial year.
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Dominion, Volume 35, Issue 260, 1 August 1942, Page 6
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150EXCESS PROFITS TAX Dominion, Volume 35, Issue 260, 1 August 1942, Page 6
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