TAXABLE CAPACITY
BRITAIN APPROACHING- LIMIT
(United Press Electric Telegraph—Copyright)
LONDON, April 16. ' Analysis iof: -the national accou.-.t* by financial journals reveals that Brit* ain is fast approaching . the limits of lier taxable capacity. ;T Income tax levied at the rate cf Os 6d in the £ in 1831-1)2 produced £236,60,000, and at the 5s rate in 1862-33 it- NckleJ. only .£2SLOUT Surtax receipts declined by £7,Co9£'-O, noiwithstunding a 10 per cent, increase in tlie rate.
Custom; and excise duty is forming an increasingly large proportion of revenue, amounting to 40.9 p°r cent, compared’with 36 nor cent, in 1930-31.
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Hokitika Guardian, 18 April 1933, Page 6
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97TAXABLE CAPACITY Hokitika Guardian, 18 April 1933, Page 6
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