INCIDENCE OF INCOME TAX
PAYMENTS UNDER FINANCE ACT, 1917. The figures set out helow compare the tax on total individual incomes from: (1) Sources other than company dividends. (2) A company making £3400 profits. (3) Companies mating £6500 profits and upwards. This has been the subject of recent correspondence advocating equality ot treatment of all individual incomes under a common progressive scale, so as to avoid the unjust discrimination now disclosed. It is alleged that on the basis advocated better financial result; may be obtained without the present injustice. Income. Rate. Tax. Other sources sav £I2OO 2'l £l2O Coy. £3400 profits., say £543 441 £l3O Coy. £6500 profits, say £320 7/6 £l2O Other sources say £320 20 at Sd 10/-,
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https://paperspast.natlib.govt.nz/newspapers/NZTIM19171011.2.67
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New Zealand Times, Volume XLII, Issue 9788, 11 October 1917, Page 8
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120INCIDENCE OF INCOME TAX New Zealand Times, Volume XLII, Issue 9788, 11 October 1917, Page 8
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