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Wednesday, 26 November 1941

Mr ARCHIE CAMERON (Barker) . - There is no doubt that the objective of this legislation is to secure revenue by a cold, calculating method. I do not know why gifts to sporting clubs and associations should be exempt. If I cared to do so, I could name quite a lot of associations which have not been established for the purpose of making a profit. Some of those that are fairly big property owners have a very doubtful record. To my knowledge, a flaw in the Income Tax Act has enabled a number of them to evade taxation for years. It is quite possible that they will become the recipients of gifts under this legislation. That should not be permitted. The members of the committee have shown considerable lack of knowledge of the subjectwith which they dealt, and also weakness. The provisions of the measure should again be examined microscopically. Gifts made to charitable, benevolent or religious institutions should be exempt; but there are many other institutions which are not entitled to any consideration. I have no doubt that the bill will be accepted by this House. Being in a Christmas mood, it will pass anything placed before it, without considering the implications. After two or three years have elapsed, and a return of the exemptions is sought, some very illuminating examples will be disclosed.

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