The Bulletin of the National Tax Association, Volume 4The Association, 1919 |
From inside the book
Results 1-5 of 91
Page 7
... paid in , and ( 3 ) paid in or earned surplus and un- divided profits used or employed in the business ; and to exclude money or other property borrowed by the corporation or partnership . The net income of a corpora- tion or ...
... paid in , and ( 3 ) paid in or earned surplus and un- divided profits used or employed in the business ; and to exclude money or other property borrowed by the corporation or partnership . The net income of a corpora- tion or ...
Page 8
... paid or exchanged therefor . Income arising during the taxable year was not to be in- cluded as capital employed during such year . In the next draft of the bill no defi- nition of invested capital appeared , the re- port of the Finance ...
... paid or exchanged therefor . Income arising during the taxable year was not to be in- cluded as capital employed during such year . In the next draft of the bill no defi- nition of invested capital appeared , the re- port of the Finance ...
Page 9
... paid by such individuals as high as the income and excess or war profits taxes paid by corporations engaged in a similar business and that it is difficult to administer an excess profits tax applicable to individuals . having many ...
... paid by such individuals as high as the income and excess or war profits taxes paid by corporations engaged in a similar business and that it is difficult to administer an excess profits tax applicable to individuals . having many ...
Page 10
... paid thereon is 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 ...
... paid thereon is 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 ...
Page 11
... paid during the year as was actually paid on an amount of in- debtedness not exceeding the sum of ( a ) the capital stock outstanding at the close of the year and ( b ) one - half of the interest- bearing indebtedness outstanding at the ...
... paid during the year as was actually paid on an amount of in- debtedness not exceeding the sum of ( a ) the capital stock outstanding at the close of the year and ( b ) one - half of the interest- bearing indebtedness outstanding at the ...
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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