TAXATION LAWS

Wairarapa Times-Age, 17 June 1942, Page 4

TAXATION LAWS

NEW AND AUTHORITATIVE WORK. . “Taxation Laws of New Zealand,” by T. A. Cunningham, Barrister and Solicitor, of Masterton, with practice notes by E. F. Casey, of the Land and Income Tax Department, pp. 726. Publishers: Butterworth and Co. (Australia), Ltd. —This new book has recently been the subject of very favourable reviews in “The New Zealand Law Journal,” “The Accountants Journal” and “The N.Z. Economist and Taxpayer." The book includes a comprehensive revision and enlargement of a book published in 1933, under the title “Land and Income Tax Law in New Zealand,” the co-authors of which were Dr. H. A. Cunningham and the late Mr C. E. Dowland, the then Commissioner of Taxes. “Taxation Laws of New Zealand,” is, however, virtually a new work, having been not only comprehensively revised and rewritten, but considerably extended and enlarged to include the law relating to the various new forms of taxation. The subject is of importance at a time when the State is becoming the largest partner in business. “Taxation Laws of New Zealand” is a prodigious work, and its scope may be gauged from the fact that it contains 726 pages as compared with 436 in the first edition. It is proposed to keep the book up to date by means of a loose leaf supplementary service, which will be sent to subscribers every six months. The work is divided into six main parts, while each paragraph is consecutively numbered throughout the book. This latter facilitates reference from the service when any alterations or additions to the subject matter become necessary. Part I. contains the Land and Income Tax Act, 1923, as since amended, together with notes on the various sections of the Act. Relevant case law is also quoted and here and in Part IL, which is confined to the law relating to assessable income, convenient detail references are provided. Part HI. contains a useful practice section by Mr Casey. This part is intended to supply a means of ready reference to the law. and practice with regard to points which frequently arise. Part IV. deals with Social Security Charge and contains a reprint of the financial provisions of the Social Security Act, 1938, together with the Social Security Contribution Regulations, while Part V. covers National Security tax as imposed by the Finance Act, 1940. Part VI., which deals with Excess Profits Tax. has been dealt with separately in the service. . There is a series of appendices which are of the utmost value to the practitioner. A survey of the rates of depreciation and the rates of employment tax, social security charge and national security tax are also included. A substantial index completes the work. “The New Zealand Economist and Taxpayer” says of “Taxation Laws of New Zealand”:— “The convenience of having all taxation law grouped in one volume is an aspect of this book that will appeal to all those to whom ready reference on questions of taxation is a matter of importance. While the original work set a high standard as a reference on taxation, we feel that this book, which is the only work of its kind available, has eclipsed its predecessor. It is indispensable to practitioners, and should prove invaluable to those business men and serious students who require an authoritative reference on taxation law in New Zealand.”