asked the Minister for Finance if he will state the estimated percentage distribution of income-tax liability over various sectors of the community in 1938-39 and 1958-59 in a form similar to Table 50, page 77 of the Report of the Committee of Inquiry into Taxation on Industry (Pr. 3512).
Written Answers. - Income-Tax Liabilities.
The latest year for which material is available, on which an estimate could be based, is the year 1956-57. The estimated percentages for that year are as follows:—
ESTIMATED percentage distribution of Income-Tax liability over various sectors of the community.
|
Sector |
1956-57 |
|
% |
|
|
Agriculture |
2 |
|
Salaries and Wages |
29 |
|
Undistributed Profits of Companies |
40 |
|
Residue, covering other profits (including distributed profits of companies), ownership of property other than agricultural property, professional earnings, foreign dividends (Schedule C), interest, etc. |
29 |
Figures for 1938-39 are given by the Committee in the Table to which the Deputy refers.