CO129-595-3 Proposed introduction of income tax 12-12-1946 - 26-1-1947 — Page 3

3

(ii) Solanes tax

6% of first $5,000pa. 147% of balance

after allowing

certain personal

relief.

(ii) Profits tax

(IV) Interest tax

In new

and

7% of fussi- $50,000

14% of

balance

14% of interest on debentures, mortgages, bills of sale, Coans the.

of staffing difficulter

present circumstance

Kong, it is obviously preferable

revive

a

form of taxcation

to

Shong

with which

fanular,

To be

interdveed

are

comewhat more

the local people leaving the

are

more elaborate crcome

Tix Ordnance

when conditions

normal.

however

The Governor does

make

the possibility of

any reference

of increasing

of tax shown abone, and

the

201

I sugger rates whether this has been considered!)

we ask

27/11