GENEROSITY AND ITS REQUITAL.
The Duke of Bedford has a grievance against the Government ■which (says Vanity Fair), being a money grievance, and he being a rich man, he feels all the more keenly. In his generosity ho has returned to his country tenants 60 per cent, of their rents, which amounted altogether to a sum exceeding i 60,000. Of this £50,000 he made them an absolute present, which was a fine duke-like thing to do. But the tax-gatherer is a grim personage who is not moved by things noble and duke-like; and the Duke who so generously diminished his year’s income by £50,000, now finds that the Board of Inland Revenue insist on his making the State a present of the income tax on that sum. The Duke protests strongly that it forms no part of its income since he has not got it, and that therefore, he should not be taxed for it; but the Board reply that it is income since he has received it, and that the fact of his having given it away again has nothing to do with the matter. So the Duke has to pay the tax, a fact which should be duly borne in mind by all generous landlords. For remainder of news see last page.
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Bibliographic details
Kumara Times, Issue 1051, 12 February 1880, Page 3
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214GENEROSITY AND ITS REQUITAL. Kumara Times, Issue 1051, 12 February 1880, Page 3
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