VALUATION OF STOCK
TAX ASSESSMENT CRITICISED (Spetial to limps) TE KUITI, Tuesday The action of the Government in demanding an increase in the standard values of stock to a figure corresponding closer lo the current market value, and then demanding the payment of social and national security tax upon the amount of the increase, was commented on by the sub-provincial executive of the Farmers’ Union. The whole thing was iniquitous, declared the chairman, Mr Simms. The Government was asking lor tax on a profit which was not made. It was decided to take up the matter with the Taxation Department, demanding a clear-cut statement as to the position.
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Waikato Times, Volume 127, Issue 21245, 16 October 1940, Page 9
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108VALUATION OF STOCK Waikato Times, Volume 127, Issue 21245, 16 October 1940, Page 9
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