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Wednesday, 26 November 1941

Mr JOLLY (Lilley) .- New clause 38b proposes to grant a rebate in the event of gift duty being imposed, in respect of one transaction, both in Australia and in another country. But what will be the position of people within. Australia who will be subject to Commonwealth gift duty and State gift duty? Queensland is the only State which imposes a gift tax. Persons who become subject to the Queensland tax. as well as the Commonwealth duty, should receive the same consideration as those who become liable to Commonwealth gift duty and the duty imposed by another country.

Mr.Chifley. - The tax will be at the very modest rate of 3 per cent.

Mr JOLLY - That may be so, but this is another example of double taxation.

Mr.Chifley. - It is not more unfair than the levying of Commonwealth incometax and Stale income tax on one person.

Mr JOLLY - But this duty introduces a new principle so far as this Parliament is concerned.

Mr Conelan - Does the honorable member stand for the interests of the Commonwealth or the State?

Mr JOLLY - I stand for the fair treatment of all taxpayers. Some consideration should be given to residents of Queensland who will be subject to double taxation under this measure.

Question resolved in the affirmative.

Title agreed to.

Bill reported with amendments; report - byleave - adopted.

Bill - by leave - read a third time.

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