26 FEBRUARY 1927, Page 2

The Minority Report, which is in effect a Labour Report,

deprecates all taxes upon commodities, and lays it down that there should be no taxation for those who are unable to maintain a certain standard of living. It demands much heavier direct taxation, including a Capital Levy, provided that it can be worked " with general good will," and proposes that surplus revenue should be devoted first to the abolition of food duties and next to the duties upon entertainments and artificial silk. As an alter- native to the Capital Levy the Minority suggest the introduction of the Rignano principle under which .the Death Duties would be so regulated that inherited wealth would pass to the State after two or three transfers.

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