[TO THE EDITOR. or-zne " 8RECTATOR."1
Sta,—You seem to approve of the Budget, and liken the Cur. poration Tax to the Super Tax imposed upon individuals. But surely there is a most obvious distinction between them. The man who is called upon to pay Super Tax is always rich, or at least relatively rich. But the shareholder in a company may be, and often is, very poor. Yet he has to lose a shilling upon every pound of his miserable dividend. Why, it may be asked, should a man who invests his money in a company be thus penalized, while one who gives it in loan to the Govern- ment or to a Corporation goes free?' You say that one whose income of .£2,000 now brings him within the Super Tax is better off than before. Yet a, man who has only 21,000 a year, if it is mainly earned, stands to lose some 240 through increased
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