NEW TAXES IN OPERATION
11 ard ship objectors TOTAL 587 £315,000 NEW REVENUE j Press Association WELLINGTON, Tod*,, Applications totalling 557 have bL ! received under tie hardship clausa!! the super-land-tax legislation of session. Of these 217 are from Cb*. terbury. The commission began Its sitOngj on December 16, and has given no ' final decisions yet. Objectors wifi b, heard in person if they consider sna. cient relief has not been given. “As considerable doubt," says tin Minister of Lands, the Hon. G. Forbes, “has been cast upon the Tax Department's estimates regarding tha | comparatively limited number of land, owners likely to be affected by tha change in the mortgage-exemption from the £IO,OOO maximum, it is in. i teresting to compare those estimates with the actual figures now available. The number estimated as likely to be affected was 1,800. The actual number is 1,890. The estimated additional re. venue was £25,000, the actual is £24,000. The estimated number affected by the special land-tax -raj .1,450, the actual figure is 1,500. The increased revenue was estimated sf £300,000, and is actually £315,000,
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Sun (Auckland), Volume III, Issue 874, 18 January 1930, Page 8
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180NEW TAXES IN OPERATION Sun (Auckland), Volume III, Issue 874, 18 January 1930, Page 8
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