EXCESS PROFITS TAXATION’.
THE excess prolils duly and munitions levy in Britain were expected to amount to £8(1,000,(100, but receipts actually work out al £139,920,000. In point of aggregate the property and income tax lakes premier place with/a total of £205,033.000,, or £7(1,713,000 more than was estimated. The Budget revenue for the year amounted to £573,-127,582, .being an increase of £230,000,758 on the previous year. Expenditure reached £2,198,112.710 leaving a. delude"of £1,021,085',128. In (he previous year the actual deficit was £1,222,391,553. The year’s disbur-
sements amounted to £5,000,048,903, as against £2,528,287,700 the year before. Supply services were, of course, tlie chief channel of expenditure, covering as they do the eosl of the navy and army, and also other outgoings connected with the war. These services absorbed £2,058,993,053, against £l,-185.070,-030 in 19155-10, while interest on war debt rose from £39,911,051 to £107,407,119.
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Manawatu Herald, Volume XXXIX, Issue 1721, 5 June 1917, Page 2
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141EXCESS PROFITS TAXATION’. Manawatu Herald, Volume XXXIX, Issue 1721, 5 June 1917, Page 2
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