ABSTRACT
In this chapter, author have confined his comments to some aspects of income taxation as it affects the people of New Zealand. This is not the place for political comment, and it may be that both the controls and the welfare state are good things, but each of them calls for a huge expenditure which has to be paid for and which can only be paid for out of taxation. The incidence here is on a particular class of taxpayer and can no longer be justified on the grounds that he is 'privileged' as the holder of an asset which produces the nation's wealth, or the value of which is created for the owner by the community. Land tax was retained, but an allowance of 5 per cent, of the capital value of the land used in the production of the income was made in an endeavour to avoid double taxation.
