SINEWS OF WAR
NEW & HEAVIER TAXES • IN AUSTRALIA. CANBERRA, December 16. Additional direct taxation on incomes and wages to raise £24,000,000 in a full year was announced today by the Federal Cabinet. It will operate from January 1. Hundreds of thousands of workers earning £157 a year will thus be brought into the taxation field. They will pay a flat rate of6dinthe£l, or £3 18s 6d per annum. On higher incomes a flat rate rising to Is in the £ cn incomes of £6 or over will be payable in addition to existing taxation. The Government is also imposing an additional company tax of Is, bringing the total company tax to 4s in the £.
Ministers declare that this emergency taxation is largely due to the extension of the war to the Pacific and part of the price that must be paid to keep the Japanese out of Australia.
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Wairarapa Times-Age, 18 December 1941, Page 5
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147SINEWS OF WAR Wairarapa Times-Age, 18 December 1941, Page 5
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