The Bulletin of the National Tax Association, Volume 4The Association, 1919 |
From inside the book
Results 1-5 of 65
Page 8
... deduction for pre - war profits be less than six per cent of the invested cap- ital . In the first and second draft no max- imum deduction was fixed , the intent being that the pre - war earnings , no matter how high , should measure ...
... deduction for pre - war profits be less than six per cent of the invested cap- ital . In the first and second draft no max- imum deduction was fixed , the intent being that the pre - war earnings , no matter how high , should measure ...
Page 10
... deducted . Borrowed money is just as much a part of the capital of a business as any other asset and , if the cor- poration is considered as an entity for the purpose of the tax , its entire capital should be the basis of deduction ...
... deducted . Borrowed money is just as much a part of the capital of a business as any other asset and , if the cor- poration is considered as an entity for the purpose of the tax , its entire capital should be the basis of deduction ...
Page 11
... deducted in computing the net income . This was true as to indi- viduals and partnerships , but not as to cor- porations with respect to which the income tax law permitted the deduction of only so much of the interest paid during the ...
... deducted in computing the net income . This was true as to indi- viduals and partnerships , but not as to cor- porations with respect to which the income tax law permitted the deduction of only so much of the interest paid during the ...
Page 13
... deduction of 20 per cent on sugars from Cuba , which supplies the bulk of our imports . The rate actually col- lected on sugar of the grades imported into the United States is about 1 cent per pound . These rates might well be tripled ...
... deduction of 20 per cent on sugars from Cuba , which supplies the bulk of our imports . The rate actually col- lected on sugar of the grades imported into the United States is about 1 cent per pound . These rates might well be tripled ...
Page 14
... deduction ) of approximately 4 cents per pound . The English rate on sugar testing over 98 degrees is 3 cents per pound , and it is proposed in the budget for 1918-19 to increase it to 5.7 cents . As it would not be the intention to ...
... deduction ) of approximately 4 cents per pound . The English rate on sugar testing over 98 degrees is 3 cents per pound , and it is proposed in the budget for 1918-19 to increase it to 5.7 cents . As it would not be the intention to ...
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A. E. HOLCOMB actual amendment amount annual assessors assets authority bank basis bill board of equalization bonds BULLETIN burden capital stock cash cent City committee conference constitution consumption taxes corporation decision deduction district dividends entire net income erty excess profits tax exemption federal fiscal franchise tax full value gross earnings held imposed included income tax law increase inheritance tax intangible interest invested capital issued Jefferson City land legislation legislature levied license tax Louis ment method Missouri National Tax Association net income non-resident opinion owner paid par value personal property poration present prop property tax public utilities purposes question railroad real estate receipts resident revenue rule securities session South Dakota special franchise Supreme Court tangible tax commission tax commissioners tax system taxable taxation taxpayer tion treasury department United valuation war profits