FINANCES ANALYSED
■0 Rise in Incoine Tax May Not be Neeessary (Eeeeived 6, 2.5 p.m.) • LONDON", March 5. With the issue of the Air Estimates all the main estimates are now known. An analysis of finances reveals that, ^ taking into aecount the £80,000,000 wL which the Government is Taising for defences by loan, the net flgure required from extra taxation is only £16,474,000, consequently an increase of slightly over 3d in the pound will meet this amount, However, continued prosperity, trade improvement and increased surtax from the last Budget are exa. pected to account for appr.oximately £16,000,000, consequently there is every possibility that the iaeome tax will not ^ be increased.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HBHETR19370306.2.30
Bibliographic details
Hawke's Bay Herald-Tribune, Issue 43, 6 March 1937, Page 5
Word Count
110FINANCES ANALYSED Hawke's Bay Herald-Tribune, Issue 43, 6 March 1937, Page 5
Using This Item
NZME is the copyright owner for the Hawke's Bay Herald-Tribune. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in