TAXATION PROPOSAL
BY AUSTRALIA
3 (Australian Press Association.), • •'*CANBERRA, July '3. The Federal Government’s new taxation proposals ib meet ■ the "twelve, •million deficit include a ten per cent, increase in . the tax on all incomes,with a, fiy e .'per cent super tax on taxable.'incomes above £350. There-is to be •'fi-in ''additional tax on the profits. oT foreign films : in .Australia. • There, is also to he taxation on all incomes derived by Australians from sources outsits of Australia. Tourists leaving Australia will be required to contribute substantially to the CommonWealth '• revenue? 'Amendments "wi 11‘ be made ito prevent any avoidance of taxation, by a distribution of profits among the members of families, the death duties are to he increased, and also tlie telegraph and telephone charges, poundage rates, postal and money orders. (Received this day at 8 a.m.) CANBERRA, July 4. The Government is also imposing taxation on Insurance Companies with head offices outside of Australia, as well as on absentee property owners! ..
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Hokitika Guardian, 4 July 1930, Page 3
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162TAXATION PROPOSAL Hokitika Guardian, 4 July 1930, Page 3
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