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New Zealand Bill Reshapes Land and Income Tax
Wellington reports the first major financial policy in session, amending the Land and Income Tax Act. Prime Minister Massey outlines a plan to tax large estates, impose bursting up taxes, raise child and insurance exemptions, and treat earned and unearned incomes alike. Debenture taxation, penalties on unimproved land, and rates for landowners are detailed, with operation set from April 1, 1920 and a 50 percent penalty on certain unimproved lands from 1928.
MENTIONED IN THIS ARTICLE
Wellington
Massey
New Zealand
Public Accounts Committee
Hunt
Polo Club
Commission
Jnto