SINGLE INCOME TAX.

Taihape Daily Times, Volume 8, Issue 147, 24 June 1916, Page 5

SINGLE INCOME TAX.

Received 6-55 p.m., June 23. LONDON, June 22

In the House of Commons, Mr. Annan Bryce moved an amendment to the Pinansce Bill providing that if income-tax is paid in any Dominion for the purposes of the war the amount should be deducted from that payable in Britain. Mr. Montague said the amendment asked the Government to lose a certain revenue of two and a half millions and a prospective revenue of 18% millions. The matter must be submitted to the Colonial Conference. The Government’s concession meant the sacrifice of a million, thus doing something which the Dominions. with the same had not yet done.

Sir George Reid was unable to support the Government on this occasion. The war had made the matter urgent. Australia was sending forces to partake in the war at her own expense. The Federal Government had no income-tax before the war. It had now imposed a war tax. Therefore people with investments in Australia were paying twice. After several members had supported the amendment, the Hon. H. McKenna (Chancellor of the Exchequer) said the Government proposed under the Bill that money remitted to Australia should not pay excess duty. British money in Australia remitted here would have the same concessions. The British Government would thus lose the whole incometax over 3/6. The amendment wanted the Government to lose the whole income-tax up to five shillings. Thh was a matter of arrangement between the Government and ike Dominion Governments. Meanwhile the concession dealt very fairly with the natter. The amendment was negatived by 12S to 33.