PARTY SALARY POOL
MINISTERS’ CONTRIBUTIONS INCOME TAX EXEMPTION EXPLAINED (From Our Parliamentary. Reporter) WELLINGTON; Oct. 2, s The effect of the recent legislative provision making contributions :T by Ministers to the.parly- salary pqol,deductible for income tax purposes ; was explained by the Minister of Finance (Mr W. Nash) when replying in'the House of Representatives ;; to-day to a question by Mr W. S. Goqsman (Opposition, Waikato),Kir Goosman asked whether the Government• intended ‘to apnly the same principle of exemption to the ordinary taxpayer. “ The legislative provision referred to was for the purpose ”of obviating double taxation on that part of the, statutory salaries of the Minister* which, under the pool arrangement, is diverted to other members of House,” Mr Nash said. “Now ever; Minister and every member concerned pays income tax in full on what-toe actually receives.”
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Otago Daily Times, Issue 24419, 3 October 1940, Page 8
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135PARTY SALARY POOL Otago Daily Times, Issue 24419, 3 October 1940, Page 8
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