Her Pound of Flesh

Sun (Auckland), Volume IV, Issue 1015, 4 July 1930, Page 11

Her Pound of Flesh

AUSTRALIA PAYS HEAVILY

Desperate Tax Measures YEAR'S DEFICIT AROUND £12,000,000 Desperate revenue-getting measures are contemplated by the Federal Government to balance Australia’s estimated deficit for the year of £-12,000,000. In this process everyone will pay either in direct or indirect taxation. Serious industrial troubles still disturb the Commonwealth, where men on food rations are refused sustenance if Iliey decline work offered them.

United l*. A.—By Telegraph — Copyright Reed. 10.5 a.m. CANBERRA, Tliurs. A preliminary survey of the Federal finances for the ensuing year indicates a deficit of <£12,000,000. The Government’s new taxation proposals to meet this include an increase of 10 per cent, in the tax on all incomes, with a 5 per cent, super-tax on taxable incomes over £350 a year. An additional tax is to be imposed on the profits from foreign films in Australia. There will also be taxation on all income derived by Australians from sources outside Australia. Tourists leaving Australia will be required to contribute substantially to the revenue of the Commonwealth. Amendments will be made to prevent the avoidance of taxation by tho distribution of profits among members of families. Death duties are to be increased. Telegraph and telephone charges and the poundage rates on postal and money orders are to be raised. The Government will also iniposo

taxation on insurance companies with head offices outside Australia. It will also tax absentee property owners. WORK AND FOOD RATIONED Reed. 1.20 p.m. SYDNEY, Today. Four hundred miners at tlie South Clifton Colliery, Illawara, have received a fortnight’s notice owing to the slackness of trade. The New South Wales State Government proposes to establish a camp near Newcastle for single unemployed men similar to tlie one now at Port Kembla. Of 500 men receiving rations at Moree, only 50 responded to a call for labour for railway construction work. The other 450 were thereupon do leted by the police from the ration list. Judge Beeby, in the Commonwealth Arbitration Court, varied the Federal award covering railwaymen to permit the rationing of work to an extent not exceeding one week in 10.