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Thursday, 21 May 1936


Senator MILLEN (Tasmania) . -Senator Payne,I think, has a false orientation of the clause which we ar, considering. We are dealing with the taxation, not of an individual, but of a company. Assume that a company has to pay ls. in the £1 property tax, and that a number of the shareholders have total incomes, as Senator Payne has suggested, under £250 a year. It is said that the Commissioner should refund to them a certain amount of this tax. Obviously this would mean that the total company tax would not be paid as required by law, and, therefore, such a suggestion is impossible, unless the refunds were paid by. the shareholders with taxable incomes. If we agreed to the proposal submitted by Senator Payne, the Taxation Commissioner would no longer receive the full amount of the special property tax from the company, because the non-taxable shareholders would obtain a refund of portion of it.


Senator Payne - Does the honorable senator think that the taxpayer whos


Senator MILLEN - It is not a question of what is fair to the individual ; we are dealing with the taxation of a company or corporation.


Senator Payne - The individual shareholders pay it.


Senator MILLEN - We are not dealing with individual shareholders, but with a company. Prom the moment that the Taxation Commissioner refunds some of the tax the company no longer pays its proper tax. It would not be a question of administration. It would be an illegal act on the part of the Commissioner.

Amendment negatived.

Clause 254-

With respect to every agent and with respect also to every trustee, the following provisions shall apply: -







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