Show CANADA PREPARES REP A ES I NEW TAX SCHEDULE OTTAWA OTTAVA Ont May Jay 19 EIl Elimination of I the war customs duty of 7 74 per cent and I the tiie substitution substitution at ot luxury taxes taxes on expensive sive lve wearing apparel l. l Jewelry sp sporting equipment and and other other I articles heretofore exempt ex cx- x- x empt are provided ded for in the new taxation proposals submitted to parliament ent by Sir Henry Drayton minister of or finance The Increased revenue revenue expected ted to be derived from the new taxes i la fa to be used largely In the payment of war loans roans and interest One of the principal features of the new newbill newbill newbill bill is a tax of 1 per cent on n the sales of all man manufacturers wholesale Jobbers and Importers Sa Sales lee by retailers rs and exports do not come under this tax and a long list of foodstuffs and other necessaries also is III exempt A general increase of E 6 per cent is made nade on the tax on all incomes Income of a year I and oi over oer er |