DOMINIONS' COMMISSION.
FEDERAL LAND TAX. PREV ENTS M IG RE<)ATiON. By Cable —Press Association —Copyright Received 20, 7.40 p.m. Sydney. January 20. According to the evidence given by McKay, Federal Land Tax Commissioner, before the Dominions' Commission, in the first year of the tax £11.509.000 worth of land passed out of'tlie taxable held; in the second year £0,000,000, and in the third year £2',500,000. After giving various reasons, lie savs that the tax was undoubtedly preventing the accuniu■hilihn of large estates, its general effect being in the direction of increasing the subdivision of estates.
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https://paperspast.natlib.govt.nz/newspapers/TDN19140121.2.41
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Taranaki Daily News, Volume LVI, Issue 173, 21 January 1914, Page 5
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94DOMINIONS' COMMISSION. Taranaki Daily News, Volume LVI, Issue 173, 21 January 1914, Page 5
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