Cuddio Rhestr Erthyglau

14 erthygl ar y dudalen hon

LETTERS TO THE EDITOR.

Newyddion
Dyfynnu
Rhannu

LETTERS TO THE EDITOR. INCREMENT VALUE DUTY. To the Editor. Sir,—The Chancellor of the Exchequer has "written to the Birmingham Chamber of -Commerce stating that no Increment Value Duty is charged on buildings, fixed plant or machinery, and that all the value attributable to these tilings is eliminated before any tax is levied. For three years the Land Union -has been engaged in trying to prevent the Commissioners of Inland Revenue from charging Increment Value Duty unless the value of the bare land, independently of buildings, etc., has risen in value. In the Plymouth, Richmond and Palmer's Green test cases, it was admitted on behalf of the Crown that the value of the land had not risen a penny, nevertheless Increment Value Duty was claimed. Is it not mockery to suggest in these circumstances that houses are not being taxed and that the value of the house is eliminated before Duty is charged ? Such a statement is calculated to mislead. It is an attempt to throw dust in the eyes of the business world, who realise that fixed plant and machinery are, within the meaning of the Act, in the same category as houses, and that if owners of houses are to be taxed when they sell their houses for more than the Commissioners think they are worth, it will own be the turn of owners of machinery to suffer the same fate. I am, air, Yours obediently, C H IVEWDERDINE, Secretary. St Stephen's House, Westminster, London, S.W. December 22nd, 19lo.

- - - -CAPITAL PUNISHMENT.

I - 1914 ARMY MANCEUVRES.I

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