Income Tax Plan Debated I[?]

Western Samoa’S Assembly

(From Our Own Correspondent)

WESTERN SAMOA’S Income Tax Bill, introduced in the Legis lative Assembly in April, is similar to the New Zealand income tax legislation.

It was proposed (if the bill is passed) to establish a separate In land Revenue Department under a Commissioner with wide dis cretionary powers.

Under the proposals income tax for married men starts at an in come level of £5OO, on which the tax would be £5/8/- (but only £l/5/for a married man with one child).

A married man without children and an income of £2,000 would pay £lB6/13 /-. With one child, the tax would be £173/3/-, and with two children (income £6OO to £2,000) it would range from £2/12/- to £l6O/2/-. There would be corre

snonding reductions for addition! children.

The income figures quoted a. taken after deductions for, say, lii insurance and superannuation pa T ments have been made.

Individual income tax rates a. computed at 1/- for every £ of tai able income, increased by O.Old ft every £ of taxable income, with maximum of 8/- in the £.

Exemptions allowed are: Personu £200; wife, additional £2o* additional £75 for each child to maximum of six.

Taxation on companies’ net pro fits provides for rates on the sam basis as for individual taxpayers.

Thus on net profit of £5OO the tat will be £35/8/4; on £l,OOO, £9l/13/4 £2,000, £266/13/4, and so on tt £BO,OOO, on which the tax would fc; £32,000.