SUPER TAX ON INCOME
SIXTY MILLIONS A YEAR QUESTION OF INCREASE By Cable.—Press Association —Copyright Reed. 9.5 a.m. LONDON, Friday. In reply to a question in the House of Commons, Mr. Winstone Churchill, Chancellor of the Exchequer, said thea sup:# tax on incomes yielded £60,000,000 a year. It did not follow that a 25 per cent, increase would yield another £15,000.000, as one could not estimate the effect of the increase upon the incentive to save. Reinvestments and the division of fortunes made difficulties in the collection of the tax. —A. and N.Z.-Sun.
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Bibliographic details
Sun (Auckland), Volume I, Issue 230, 17 December 1927, Page 9
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93SUPER TAX ON INCOME Sun (Auckland), Volume I, Issue 230, 17 December 1927, Page 9
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