February 25, 1916 (12th Parliament, 6th Session)

CON

William Thomas White (Minister of Finance and Receiver General)

Conservative (1867-1942)

Sir THOMAS WHITE:

My hon. friend
is not applying the tax properly. In the first place, he is not taking into consideration the question of reserves; and, in the second place, he is not taking into consideration the fact that there is in the Bill a definition of paid-up stock under which, as I stated last night, and on Tuesday last, there will be no undue advantage to overcapitalized companies. If he would take these facts into consideration, his figures -would be worth listening to. ,

Topic:   THE BUDGET.
Full View