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The " Wellington Independent " thus writes : — " The final report of the Civil Service Commissioners has just been laid before the Assembly. It is devoted to a consideration of the manner in which an Income Tax might be raised, and suggests that incomes below £200 a year should not be taxed ; that incomes of between £200 and £300 a year should pay a rate of 7d per pound, and incomes "jbove £300 a rate of lOd per pound. The Commissioners estimate the amount of ' practically taxable income " in New Zealand at £5,400,000 on which they think a tax amounting to £191,250 could be levied. They further Btate that an Income Tax Department, with commissioners, surveyors, inspectors, assessors, *et boc genus omno," would be required to collect the impost. The cost of collection is estimated at 8 per cent, on the amount got. Of course there is little likelihood tlxat an Income Tax will be proposed thw session, but the people of the Colony ehould watch jealously for any further attempts being made to increase the taxation, as this report i» suggestive of what may be proposed at a future time."

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/ST18661015.2.7

Bibliographic details
Ngā taipitopito pukapuka

Southland Times, Issue 578, 15 October 1866, Page 2

Word count
Tapeke kupu
188

Untitled Southland Times, Issue 578, 15 October 1866, Page 2

Untitled Southland Times, Issue 578, 15 October 1866, Page 2

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