Income Tax Accounts. (Sir Isaac Pitman and Sons. 2s.)—This is
a new edition, but as it includes in its survey the provisions of the last Finance Act, it is, to a large extent, practically a new book. And it certainly should be useful. There are various injustices in the operation of the tax; probably these are not altogether capable of remedy. Unfortunately, the officials, having doubtless much fraud and evasion to deal with, commonly start with a prejudice against any applicant for relief. Here is a ease : the servant of a company has allotted to him, probably at a price under their real value, some of its shares. It is a convenient way of increasing his pay, because it makes the increase dependent upon the prosperity of the concern and so gives a stimulus to exertion. Practically it is earned money. Why, then, should he have to pay tax at the rate of fourteen pence rather than nine pence ?
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