XN000022-1988-03-02 — Page 38

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WEDNESDAY, MARCH 2, 1988

CONCESSIONS,

INCOME EARNERS. I HAVE PROGRESSION HAVE PROPOSED

"THIS YEAR, IN PUTTING TOGETHER MY PACKAGE OF TAX I HAVE SOUGHT PARTICULARLY TO ASSIST MIDDLE PROPOSED BOTH A LOWER INITIAL TAX RATE AND A MORE GRADUAL

ADDITION, IN TAX VARIOUS THE

BANDS. THROUGH INCREASES IN ALLOWANCES TO PROTECT THEIR REAL VALUE.

I

INTEREST

TAX SIMILAR REDUCTION MEANS THAT THE 15.5 PER

STANDARD BY ONE

IN STANDARD

THE

AND CENT,

THE

"MORE GENERALLY, I HAVE ANNOUNCED THE LOWERING OF THE

TAX AND TAX,

PROPERTY FOR SALARIES RATE PERCENTAGE POINT; I HAVE ALSO ANNOUNCED A

THIS RATE OF PROFITS TAX ON CORPORATIONS.

REDUCED TO RATE FOR SALARIES TAX WILL BE RATE ON CORPORATE PRFOFITS TO 17 PER CENT.

"THE IMPACT OF MY TAX CONCESSIONS ON BOTH HUSBAND AND WIFE WORKING AND AN INCOME THAT THEIR TAX BILL WOULD BE ROUGHLY HALVED.

A FAMILY OF FOUR WITH OF $14,000

EARNERS, "AGAIN, TO ASSIST MIDDLE INCOME

OF SMALL REDUCTION IN STAMP DUTY ON THE PURCHASE PROPERTIES. THIS WILL LESSEN THE FINANCIAL BURDEN WHO ARE SEEKING TO BUY THEIR OWN HOMES.

LAST BUDGET CONTINUING DEBATE ON SEPARATE

A

MONTH

I HAVE AND

PROPOSED

MEDIUM

IS

A SIZED FALLING ON THOSE

"SINCE

MY

I

ALSO

BEEN

WATCHING

CAREFULLY LISTENED FOR WORKING WIVES. I TAXATION

HAVE THERE ARE ALTHOUGH

QUITE ELSEWHERE. TRENDS

THE INTRODUCTION OF FULL SEPARATE DIFFICULT PROBLEMS INVOLVED IN

BE OVERCOME. TAXATION, I AM PREPARED TO CONSIDER HOW THEY MIGHT BEST IN THE MEANTIME, I HAVE PROPOSED A WORKING WIFE'S ALLOWANCE OF $15,000.

HAVE

TO THE

UP ΤΟ

"IN ACCORDANCE WITH

I

MY

GENERAL THEME A REDUCTION

THE PASSENGER

TAX

OF LOWERING OF THE AIR BURDEN,

HAVE ALSO PROPOSED DEPARTURE TAX TO $100 FOR AN ADULT AND TO $50 FOR A CHILD.

"THUS, FOR THE SECOND YEAR RUNNING, I HAVE BEEN ABLE TO TAXES WHILST INCREASING OUR EXPENDITURE ON THE

THIS

HAS

BEEN

WE PROVIDE. ENTERPRISE OF OUR COMMUNITY.

REDUCE MANY PUBLIC SERVICES BY THE HARD WORK AND POSSIBLE MADE

GROWTH FORECAST THIS DESPITE MY LOWER

ATTENTION YEAR, I AM CONFIDENT THAT AS LONG AS WE PAY TRENDS WE WILL BE ABLE TO SUSTAIN OUR POLICY OF THE OF PUBLIC SERVICES AND INVESTMENT FOR THE FUTURE.

"

TO LONG TERM STRADY EXPANSION

BUDGET BRIEFING

WILL GIVE A PRESS

THE GIS

THE FINANCIAL SECRETARY, MR PIERS JACOBS, BRIEFING ON THE BUDGET AT 3 PM TOMORROW (THURSDAY) IN CONFERENCE ROOM, FIFTH FLOOR, BEACONSFIELD HOUSE, CENTRAL.

PRESS

NOTE TO EDITORS:

YOU ARE INVITED TO COVER THE BRIEFING.