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Thursday, 1 July 1926

Senator NEEDHAM (Western Australia) .- I move-

That the following sub-sectionbe added: - " 1a. Where the naval or military duties of any individual or member referred to in the last preceding sub-section required him to be in any part of thefield of operations in connexion with the war where there was danger to life as a result of the operations of enemy forces, the Commissioner may further alter or make the said assessment so that there shall be deducted from the said profits so much of those profits as were entitled to an exemption from income tax by virtue of section 13 of the Income Tax Assessment Act 1915-21, and which would but for this subsection be. liable to war-time prolits tax."

If this amendment be carried, it will put returned soldiers in the same position in relation to war-time profits taxes that they now occupy in relation to income taxation. I understand that Senator Elliott's amendment, if agreed to, would have caused wealthy men who had made money as a result of the war, to escape taxation. My purpose in moving this amendment is to prevent injustice from being done to any man who served in the danger zone, and who might be called upon to pay a tax where he had no profit as a result of the war. The desire of Parliament was to exempt returned soldiers from income taxation, and, as far as possible, from war-time profits tax also. In order to avoid any improper evasion of payment of taxes, Parliament excluded any soldier who did not go into the danger zone, or who, if he did enter the danger zone, did not before the war devote the greater portion of his time to the management of his business. The risk no longer exists, as there can no longer be evasions by the transfer of businesses.

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