12
WEDNESDAY, MAY 24, 1989
BILL ON SEPARATE TAXATION OF MARRIED WOMEN
APRIL
1.
A BILL WHICH SEEKS TO GIVE LEGISLATIVE EFFECT FROM
TAXATION OF MARRIED 1990 ΤΟ
PROPOSALS TO PROVIDE FOR THE SEPARATE WOMEN WAS INTRODUCED INTO THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).
(AMENDMENT} IN MOVING THE SECOND READING OF THE INLAND REVENUE
SECRETARY, THE HON DAVID (NO.3) BILL 1989, THE ACTING FINANCIAL
THE PROPOSALS WOULD BE APPLICABLE TO 1989-90 NENDICK, SAID IF ENACTED FINAL SALARIES TAX ASSESSMENTS ISSUED ON OR AFTER APRIL 1, 1990.
INCOME
OUTCOME OF A HE SAID THE INTRODUCTION OF THE BILL WAS THE PERIOD OF CONSIDERABLE PUBLIC DEBATE AS TO HOW BEST A FAMILY'S SHOULD BE TAXED.
THE SEPARATE TAXATION PROPOSALS IN THE BILL HAD BEEN FORMULATED OTHER INTERESTED IN CONSULTATION WITH A NUMBER OF PROFESSIONAL AND ORGANISATIONS, INCLUDING THE JOINT LIAISON COMMITTEE ON TAXATION,
NENDICK SAID.
"THE
MR
BE
SYSTEM PROPOSED PROVIDES THAT HUSBANDS AND WIVES WILL
PERSONAL TAXATION INDIVIDUALLY RESPONSIBLE FOR ALL ASPECTS OF THEIR AFFAIRS, HE SAID.
14
"PROVIDED THAT THEY ARE NOT ASSESSABLE AT THE WORKING HUSBANDS AND WIVES WILL EACH RECEIVE A BASIC ALLOWANCE,
IN SINGLE INCOME FAMILIES, THE SOLE-EARNER
STANDARD RATE,
WILL RECEIVE A
MARRIED TAXPAYER ALLOWANCE.
"TAXPAYERS WILL CONTINUE TO BE ENTITLED TO CLAIM ALLOWANCES RESPECT OF THEIR CHILDREN AND DEPENDENT PARENTS.
"IN CASES WHERE ON SPOUSE'S INCOME IS NOT SUFFICIENTLY HIGH
A SYSTEM OF JOINT ASSESSMENT ABSORB ALL OF HIS OR HER ALLOWANCE. APPLY,' MR NENDICK EXPLAINED.
..
זי
IN
ΤΟ
WILL
HAVE THEIR
IN THESE CIRCUMSTANCES, A COUPLE MAY CONTINUE TO
IN SALARIES TAX LIABILITY COMPUTED ON THEIR JOINT AGGREGATED INCOME,
RESULT IN THE VERY MUCH THE SAME WAY AS AT PRESENT, IF THIS WILL
HE ADDED. FAMILY'S OVERALL TAX LIABILITY BEING REDUCED,"
TAXATION, THE
CONCURRENT WITH THE IMPLEMENTATION OF SEPARATE PERSONAL ASSESSMENT LEGISLATION AS IT APPLIED TO MARRIED COUPLES WOULD ALSO BE APPROPRIATELY AMENDED, MR NENDICK SAID.
/HE SAID