Finance—Public and Private
Harassing the Taxpayer IT looks as though there might have to be a reversal of opinion with regard to Mr. Winston Churchill's Budget for the current fiscal year. It was regarded as one of its good features at the time that the absence of any increase in the Income Tax marked a recognition of the supreme need for a revival in general business industry ; if, indeed, revival is possible- under the present burden of taxation. Now, however, that the Finance Bill has been published, alarm has been excited by the fact that it bristles with clauses which threaten to make the measure a veritable instrument of torture, and, what is more important, an instrument calculated seriously to handicap commercial and financial activity. Indeed, although I have headed this article " Harassing the Taxpayer," it would have been equally correct to have rendered it " Harassing Industry."
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