CO129-582-7 Taxation 6-6-1939 - 5-2-1940 — Page 15

X

15

10% for first- /(1000)

15%

20

&

2nd

+

subsequent

Thousands

was $1.68 million, but this has been increased considerably for various schemes of development and improvement, titis esidently proposed to continue them. 44, however, it becomes difficult to obtain

not be possible to spend so much, even with increased The reverne

steel Renment it

prices, any

man

may

overestimation of

be offset to that extent.

Income Tax

I think it is desirable to

avoid any suggestion that this is purely a war-time measure : unless it's a com-

Mete failure, it will be desirable to retain it after the was, though not necessarily, at so high a rate. If it is to be made past

lly which I sve no other objection)

of a separate budget? I think it should be made clear that this dore not imply that The tax is purely for the duration?

X

The rate proposed by the Gar. is much higher than the Taxation Clee. see p.17 of their report atend to (1). They thought the maximum-

(

recommended

not exceed

rate should 10% at any time,

*

should be only 50% to start with, not only to make my tahore acceptable, but

人

also to make it less liable to evasion.

As the box will be imposed without extert staf practical experence or adequate local groundwork, it seems to me that

more to be said against thying too high to begin with than when

There is

now even

[the