LUXURY TAX
RUSH TO CLEAR FROM BOND.
Tlnited Press Association —By Kle< trie Telegraph.—Copyright.]
SYDNEY, March 11. An unprecedented rush by the importers at Sydney, Melbourne and Brisbane to withdraw their goods from bond is taking place, owing to a report that the Federal Government intends to impose a super-tax on imports. Petrol, timlier, spirits, tobacco, textiles and other goods will be released in large quantities and it is expected that before any tax is imoused, goods of a value of many millions sterling will have been withdrawn within the Commonwealth. The whisky importers particularly are incensed. They claim that whisky is already an over-taxed commodity. Tt is understood the tax will be known technically as a primage duty, and that it will not be qpplied to imports generally and tea, for example, will he exempted. x
Petrol, motor bodies, car chassis, musical instruments, jewellery, furs and all luxury lines will come within the scope of the tax. The immediate effect of it will be a great reduction in the customs revenue. This, in turn, may lead to an increase in direct taxation. .
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Hokitika Guardian, 12 March 1930, Page 6
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183LUXURY TAX Hokitika Guardian, 12 March 1930, Page 6
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