INCOME TAX ANOMALIES.

Taranaki Daily News, Volume XLVII, Issue 81823, 16 August 1906, Page 3

INCOME TAX ANOMALIES.

THE CASE OP DE BE BBS. ACTION BY THE CAPE ASSEMBLY. IMPERIAL GOVERNMENTS ACTION REGRETTED. .Received 15,11.14 p.m. Capetown, August 15. ' The recent decision in the English Courts in the Do Beers' case, formed the sabject of a resolution moved by Mr Herrinun in the Cape Assembly, aad unanimously adopted. It expressed regret that the Imperial Government had taxel the compinies which, to all intents and purposes were South African. Such proceeding hare in consequence been prejudicial to the heat interests of the Empire. Mr Merfiman remarked that th; colony must torn to the De Beers Company for th: interest on the colony's liabilities, but they were now hampered and prevented from imposing a legitimate tax on that undertaking. He predicted that next session an irresistible demand would be made at the Cape to tax diamonds. It was, therefore, important to prevent the Motherland intervening and taking duet belonging to the colony. The but clause of the resolution implied that |De Beers might fix their headquarters in Paris, America or elsewhere.