CO129-582-7 Taxation 6-6-1939 - 5-2-1940 — Page 34

That these considerations were taken into account before

هه

we waed income lave

a means of financing

wow expenditure

upon Colonies which had not already 34

adopted it.

بخورید

NisAndrews

x. 39

31.x.

I think (20) should be seen by

Mohant Econ. Dept. in due

in due course

154 40

22

J

Gov. - tel. 375 Cont.

NISA

30/10/39

Indicates points on

which immed

iate decision was sought in (21)

This

has just come in. I do not think it his me

cessitates

any above.

alteration of

what I have said

NESIAndrews

-31/10

This shows that we were right in being

cautious over the matter of income tax in Hong Kong.

Both the Chinese and European business communities

are pressing their objections against taxation in

that form, though both are professedly willing to

accept further taxation by other means in order to

contribute towards the cost of the war. The diffi-

culties of instituting income tax into Hong Kong as

a source of revenue have for many years been

appreciated and it would be going too far to say

that the local Committee in Hong Kong which, at

the beginning of this year reported on the financial

si tua ti on