NEW CLAUSE (Income Tax Act (1918) Admendment.)

Part of Orders of the Day — Finance Bill. – in the House of Commons on 28th June 1922.

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Photo of Sir Robert Horne Sir Robert Horne , Glasgow Hillhead

I am afraid I cannot assent to the proposal of my hon. and gallant Friend. I agree that the matter is small, but I cannot agree that it is vexatious. The change which has taken place has brought the janitor in some cases above the Income Tax exemption limit. Accordingly, the house fails to get the exemption which previously it had enjoyed. It is a small matter in connection with this particular class of cases, but it is obvious that there might be wide extensions if the principle is once applied. It would mean that because wages or salaries had risen in particular instances, therefore the limit of exemption should be raised. If money became cheap and people had more of it to spend, one must raise all the limits of the Income Tax Schedule. Obviously, that is too wide a principle to apply. It requires more consideration. Under the circumstances I cannot accept the Clause.