WELL RUNNING DRY
TAXABLE CAPACITY
EXAMPLE OF BRITAIN
STAETLING ANALYSES
; United Tress Association—By Electric Tolegrapli—Copyright. (Received April 17, 3 p.m.) I LONDON, April 16. ; Analyses of the, national accounts, .made by financial journals reveal Ithat, Britain is fast approaching the I limits of her taxable capacity. , Income tax, levied at tEe rate of 4s 6d in the £ in 1931-32. produced £256,000,000, and the 5s rate in : 1932-33 yielded only £251,000,000. Sui'tax. receipts declined £7,000,000 notwithstanding a 10 per cent, increase in the rate.
. Customs excise is forming an increasingly large proportion of the .revenue, amounting to 40;9 per cent., compared with 36 per cent, in 1930----31. .
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https://paperspast.natlib.govt.nz/newspapers/EP19330417.2.81
Bibliographic details
Evening Post, Issue 89, 17 April 1933, Page 8
Word Count
106WELL RUNNING DRY Evening Post, Issue 89, 17 April 1933, Page 8
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