Thoughts For The Times
The Burden oe Taxation How oppressive is the present scale of taxation may be gauged to some ex- • tent by the recent impressive statement of Mr Beauchamp that about two rnil- : lions of the increase in the bank’s total | of advances represents assistance to j payers of income tax. If those who were so accommodated paid 6 per cent. I for the advances, we see that their taxation costs them £120,000 more than was received by the Treasury. It is earnestly to be hoped that politicians will take notice. Contribution to the six millon loan, under threat of compulsion has also embarrassed the tax-payers very considerably during the yenr under review.-•-'Press Opinion.
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Hokitika Guardian, 23 June 1921, Page 2
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116Thoughts For The Times Hokitika Guardian, 23 June 1921, Page 2
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