Income Tax
NEW SOUTH WALES PROGRAMME. ITINERANT PROFESSIONALS MUST PAY. By Cable—Press Association —Copyright Received 2(1, 9.25 p.m. Sydney, March 20. The Government has introduced and read a first time the Income Tax Bill. It reduces the exemption to £250 and increases the rates to a shilling in the £ on the incomes of all companies. Where the taxable income of persons does not exceed £7OO, the rate is eightpence, with an additional tliird of eightpenco on incomes derived from the purchase of property. Rates are graduated to Is 2d, and an additional third for incomes over £9700.
Mr. Holman stated that it was intended to place the Income Tax Commissioner beyond the control of tlie Public Service Board, and to make him removable only by the Government. Itinerant professionals, including singers and boxers, will be required to pay tax on salaries earned here. The reason for the increased. taxation is the increased expenses of the Government. The Opposition strongly attacked the Government's extravagance.
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https://paperspast.natlib.govt.nz/newspapers/TDN19140327.2.34
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Taranaki Daily News, Volume LVI, Issue 256, 27 March 1914, Page 5
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163Income Tax Taranaki Daily News, Volume LVI, Issue 256, 27 March 1914, Page 5
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