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Thursday, 24 September 1942
Page: 941


Mr Barnard d asked the Treasurer, upon notice -

1.   Can he advance any valid reason why the outstanding income tax has increased from £3,800,000 in 1939-40 to £8,295,000 in 1940-41, as disclosed by the Auditor-General's report?

2.   What was the amount outstanding at the 30thJune, 1942?


Mr Chifley - The answer to the honorable member's questions is as follows : -

 

It will be seen that the amounts of tax outstanding compared with the amounts of tax assessed are reasonably constant. There is nothing in the amounts of tax outstanding that calls for special explanation. It is to be borne in mind that a large proportion of tax outstanding at the 30th June each year is not due and payable until some time later.







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