'A. Business tax—The business] tax has been enforced in the various provinees during the last two years with varying results. Generally Jspeaking, the faulty collection meth Jed is the chief source of difficulties heretofore encountered in the administration of the tax.
The present collection procedure should be modified in the following respects: the investigation certificates provided under the present business tax law should be substituted by tax certificates which should bear the following, particulars:
Kind of business and name of the establishment; Name, native place and residence address of the pro-Drietor; Base of tax and tax rate; Amount of tax to be paid per year; Amount of tax to be paid per instalment.
Grading of tax. rates. Proposed. grading: Volume of business done as Dasis: Ist grade 5-1000 highest; 2nd 8-1000 highest; 3rd grade 10- highest. Capital as basis: Ist grade $-1000 highest; 2nd 1000 highest; 3rd " grade 1000 highest; 4th grade 20-1000 highest, Reclassification of business for taxation.
The object of the business tax being the business establishments, no] tax should be levied on goods carried them, "The limits set forth in the business tax law in respect of exemption and ates should be strictly observed.
Broker Tax Adjustment a view to rural, rehabilita: tion and trade recovery," declared the Finance Minister, "the primary} problem is to bring' to the people Tivelihood and prosperity. Military leaders are concentrating their efforts iting the Red menace. On jnanclal side, we must lighten' the people's burdens. Hence at the: Fourth Plenary Session of the Central Executive Committee in January T submitted a proposal for and the reduction of the farm surtaxes, which has been passed by the Executive Yuan and referred to the Ministry of Finance for execute "The task is a colossal one and without local collaboration, the pro= posal is doomed to failure. 1, therefore, urge all the delegates here to) devise practical plans for their; execution."
Therefore, the first of the conference committees is to deal with this problem of farm tax and surtaxes. The second committee of the conference is assigned the subject of abolition of illegal levies and mis: Cellaneous taxes; the third com: mittee deals with provincial and local budgets; and the fourth committee thas in charge all proposals not com-tug under any of the above committees.
Text read from the printed page and cleaned; old type leaves the occasional error.