Income Tax Rates In
p. 125 · Read in the full issue
Cook Is.
K) replace the contentious New . Zealand scale of taxation which formerly applied to the )ok Islands—but which many did >t actually pay—the Cook Islands Jgislative Council recently dealt ith a new local taxation system, xation experts from New Zealand ling present to explain its Drkings.
The income tax rate finally commended for approval by Wellington is as follows: Exemp ts; personal £3OO, wife £l5O, lildren each £5O. Tax: 6d in £ i first taxable £100; 7ld on second 00; thereafter lid per £lOO until aching 6/6d in the £1 at £5,000. he rate then falls to Id until 1,700, when the maximum rate of - in the £1 would be reached.