TAXATION.

Taranaki Daily News, 20 March 1920, Page 5

TAXATION.

. i DOUBLE INCOME TAX—IO PT B£K' . PAYMENT IN THE DOMINION \ Bs Telerracb.—Press Assn.—Copytlfht. ' London, March 17. The report of the Income Tax Com. mission is a lengthy document of OSS clauses with a number of minority re. servntions. In the special section dealing witi double income tax within the British Empire the Commission recommends the arrangements reached by the subcommittee that the Dominions' income tax be deducted from the United Kioffdom income tax, subject to relief not exceeding half the United' Kingdom tax, also that any further relief necesnary to give the taxpayer relief, amounting altogether to the lower at tlie two taxes, should be given bv thai Dominion concerned. 1 The Commission admits the admini*/ trative difficulties of giving effect to' !il rec | OI " m .^ ndat: ' ona will be consider-! » but it JS believed they amy ha] V overcome.—lmperial Service. ' tax on war wealth. • BRITISH SCHEME OPPOSED. "UNFAIR AND UNJUST." Received March 19, s.l.j p.m. ~ London, March I*. - Wing evidence before the House ef Commons Committee on the taxation 01 wai ' «-«Uh, Mr. A. If. Kilvor weak till °l! i T- f ° f <lll? lodorftt ' on of Bri'bh '"<«'»*»«, representing ove r ei*h" , Ihonsiind manufacturers stroniriv sapprovcl of « liy scheme Vf i^T " woiiid be unfair and unjmt Two filiations of capital would he nee'essarv Mn'r'n,,"';'"- 1 ' wiJes P nervous. ■ Received March If), S.lo p.m. ~ London, March 10 the ** w,t "* ' P re, me Commission axpmte» „,TT ,0n t,mt , t,!e to{ *> relief X® an - v ot , l,er P«rt of the Emaire Moi cover, relief should be given before' * »'e payment of tlu< tax and an adjS® monl m (lie conn try where tho taxla) ei resides. Tlie Commission further tli United Kingdom and the various Do« minions-Imperial Service. ' | '