AUSTRALIAN TAXES
IMPOST ON CITY I’ROBERT!IAS SYDNEY, Sept, 22.
As llie coming Federal Budget is likely lo show a surplus of about £2,b(lf>,()oo. llie commercial community of Sydney is anxious to see what the Treasurer (Dr Page) is going to do about the Federal land tax, which, in its application to city properties, is regarded as one of 11io biggest iniquities ever perpetrated by successive Commonwealth Governments. The business community of Sydney is not in all probability alone in its outcry against the impost, lor it allects the whole of the cities. Even the 'Government does not attempt to deny that this huge impost on city properties is quite alien to the. original purpose of the tax which was, of course, to break up large estates. The opinion is freely and openly expressed in Sydney that if in the face of a buoyant revenue, ilie Federal land tax is to continue as a slur on the business community, it will ha ve a strong tendency to hurst up, not so much large estates in the country as big business enterprises in the city. One city firm, for Federal land tax alone on purely city properly, has to meet a hill ol about £30,000. Another linn pays out about £24,000. 4lie tax, as far as the city is concerned, is rightly regarded as a scandal. Of 400(1 appeals against city assessments, the great majority were as a result of this impost, which the City Asses-
sor, in common with the business people, regards as a foreign incubus. Incidentally, the value of all rateable property in the comparatively small area of the city controlled by the City Council, has reached a total of just on £01,500.000 representing an increase of nearly £17,500.000 over the 1020 figures, and an increase of 100 per cent, over the figures for tlio last throe years. The amount that lias to he paid out on l his for purely municipal rates, apart from the Federal land tax. the bridge tax, the main roads tax. and other imposts, can ho imagined. Business, it would appear, is not all profit by any means.
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Hokitika Guardian, 4 October 1927, Page 1
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354AUSTRALIAN TAXES Hokitika Guardian, 4 October 1927, Page 1
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