Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
 Download Full Day's HansardDownload Full Day's Hansard    View Or Save XMLView/Save XML

Previous Fragment    Next Fragment
Tuesday, 25 November 1941

InCommitteeof Ways and MeansConsideration resumed from the 29th October (vide page 37), on motion by Mr.

Chifley -

That, in respect ofall assessments for the financial year beginning on the first day of July, One thousand nine hundred and fortyone and all subsequent years, in lieu of the rate of the tax imposed by sub-section (1.) of section5 of the War-time (Company) Tax Act


(a)   where the excess of the taxable profit over the percentage standard is not more than One per centum of the capital employed - the rate of tax be Six per centum; and . . (vide page 36).

Suggest corrections