The Express.
London, England, 1859-12-14 00:00:00

120PALITY AND INCOME TAX.

Last night a conference was held at the London
Collerhooes, for the purpose of ccuaidering whet Mope
inld be token in the coming session of parllamsat with
=le the theme ax, the laws in regard to mid= will
on the des of April next. The palate which the con-
ference met =we part .=lsrly to discuss were the steps to be
taken to moan a readjustment of the tax, or the tend aboli-
tion of the charge upon trades and peo assions. The con-
brews wee promoted by the Property sad Income Tax
dosicdation. Mr. Cowin, was fa the chair.
The Czantium said hie Wog celled to the chair was
quite =expected by him. He could only say that lie always
hit the West= of not making a diatinothe between incases
derived from realised property and laminas derived from
=dee and profession.- He hoped the government would
give effect to that distinction in any mescal* they might pro-
pose In the approaching session of parliament. If they did
net do so he should feel it to be his duty to bring forward •
motion himself for that
Ni. ELT, in moving tteirCreetolution, said the meeting
was met rather for the purpose of conferring together se to
what ought to be done with reap= to the income tax than
for the purpose of commencing any distinct agitation on the
subject. He quite agreed in the distinction retorted to by
the chairmen. That the property and income tax would be
proposed in some shape in the next 14=012 be believed to be
generally expected, and if so, they ought to be prepared with
sours dear and definite scheme if the permed of the govern-
ment was not satisfactory. An agthdlea against indirect
taxation had been commenced, and alths he did not agree
Is the principle that ell the tanmaseld be faked by Indirect
lexation, which he thought wail be unjust, then could be
ne doubt that the gumbo of toed= weld be mesh die-
owed throughout the Gamey fir Noes des to ewes. The
tithe saccades he bed is pager we that
from arsaassabg shield be
Maid ally to half the ensceat bona
I gout ropily. He tree not phrasal. to ear whether
I that wee the just proportion, hat ofthe isJedbeetilesileg un-
' asrada and certain beam as the semi meant he bed no
doubt. (Hear, hear.) He thought it would be iblebelde set
le begin taxation of income below 1001. at Mi. (teat)
DILPOTTER seconded the remittlion, whisky's= follows :
"That the meeting Is el opinion that tie pent node of
charging one uniform rate cm all either of lame ex& ci...Lpt
under schedule B) is maniketly =just, sad bed"
Itself, in anticipation of a prep= to abysm the to
obtain such • reduction in the charge ea been end peel=
sloes that the amount chargeable lbws= sW net mond
one-half of the amount levied on pregneg, espedelly as the
=oust charged on the occupiers -of- hid (schedule B) has
been only hell the amount chargeable en the 'radial; anima-
city ever elnee the income tax was flat levied by the act of
1842."
Mr. lidsiomutrithought that the Income tax ought to be
repealed and • property tax substituted for it. It would be
unjust to mega wporty of the amount of 1101. He ahould
not object to go lower them that, He was opposed to • grii-
du=d property Mx. He maggeeted an alteration of the
reeolutlem in this sense.
Mr. RISKILY proposed en amendment to the effect that,
whilst la the present finandel oirminstenoes of the country
a tax ce property eight be usesseary, a tax on precarious
imams was nojas accept under the most urgent eir-
onmstamme. He was surprised at the patience of psNe
ander the =mike Injustice sad =failure of taxation andr
sehedeles D sad B. • large amount of annuities had fallen
in to the government, end this resource audit to enable them
*imam the taxi:ayes under them scheditke. The blooms
I an tree emntislly • war ma, sad with the cessation of war
the sou whisk accompanied it ought to be abolished. He
era=len, therefore, that the tax on blooms should be
ethipther.
The amendment having bees seceded,
Mr. Booms thought is veil be unwise la me meall a
mooting to come to no &firths • mineimlin es wee etherdned
beth in the resolution and emmilment. He thought they
meat merely to determine libith that It we salesi to let
premoious incomes to the sane emeeat as Brad
Irving it to • larger mestiagth es the precise OS=
which they should be repealed, tamed. (Hear, hear„).
Mr. RAINY suggested that they ought to welt till the
government made their proposal bdore they cense to ray eon.
dodos. It appeared to his that • property tax of I per
sena and an income ten of 24 per cent. would be as Ye es
edjaelasent as we possible. The mount el them ef el
kinds as which the Income tax was laid eamientaa to
210000,0004 A tax. =oh as he indicated would mines
18,000,0001., that we to say, 12,000,0001. from real
and 8,000,0001. from deetuathig incomes. H. was=
mansoted with the land, mei ha thought a caeapamethe el
that kind would be socepted by the leaded interest
Mr. Broorr concurred in the views of Mr. Br/On= The
tryst= of taxing capitalised income was, he believed, sound
la %homy, but in preatios it was surrounded with so many
Maculae@ that every ;statesman to whom it was proposed
discarded it.
The resolution end amendment were both withdrawn, and
another resolution which went to albs the injustice of
levying the same amount of taxatioa on Axed and precarious
incomes was substituted, and carried with only one dis-
sentient.
Mr. HICIII4I‘ moved a resolution to the effect that it was
desirable and important that meetings should be held in all
parts of the constry fur the purpose of considering the sub-
Jen and co-operating with the society.
The Castleman said that his experience as a public man
told him that they ought not to delay bringing this question
Delon the country, because no one could say how much
public measures were influenced by public opinion. (Hear.)
The resolution having been seconded, was put and carried,
and a committee was appointed to wry out the object of the
meeting. The conference thee separated.