cost of the Military Administration for the 0190
month of April, 1946.
the suggest
5
13
marks
ARC
of comics and ancê
may be
It is appreciated that there little scope
for reduction in expenditure in view of the urgent
need for rehabilitation.
It will accordingly be
necessary to consider to what extent (a) revenue can
be increased; (b) expenditure can be financed by means
of loans.
6.
Increase in revenue. It is necessary that
the revenue should be increased to the greatest possible
extent not only in order to achieve financial solvency
but also to combat inflation:
(a)
assu
Income Tax. On the understanging that it
would be difficult to introduce an
is considered impossible to introduce the
unmediately. tax/and
normal forms of Colonial income tax/and that
instead the various forms of war taxlar mone
eeeeptable to the local trading communities
and achieve much-the-same result, These,
which cand li be collectable after the
and
of the war,
taxes aro, property báz, salaries tax, profits
tax, loan and mortgage interest tax. These-
taxes were imposed for the duration of the war-
of assume that ingent considvalion
and it will accordingly be necessary to rO-
ishing given is the introduction or other
A
of
introduce similar forms of tax at the earliest
taxes as an interim measure such as the varions
possible date and urgent eonsideration should
forms of won luxe which wore impored
be given to this question and also to the
during
the war bugcensed to be collectible. you will doubtless
question of the extent to which the previous
also be considering to what extins- previous zoter
Pates can be increased. In this connection
of cause can be increased.
Zeeve Labble consider the desirability
of applying to the Government of Ceylon for an
officer or officers with experience of Income-
Ter in the Island as the loan of such officers —
before the war tergo
apparently proved very satiams
on
Consideration should also be given to the possibility
increasing the duties on liquor and/tobacco, both of
lich duties have proved to be great sources of revenue in
Additional duties on luxury goods should be
.K.