The Bulletin of the National Tax Association, Volume 4The Association, 1919 |
From inside the book
Results 1-5 of 52
Page 7
... period , or refunded . Practically , there- fore , the first American excess profits tax was that imposed by the Act of October 3 , 1917 . Excess Profits versus War Profits Less than two months had passed after the enactment of the Act ...
... period , or refunded . Practically , there- fore , the first American excess profits tax was that imposed by the Act of October 3 , 1917 . Excess Profits versus War Profits Less than two months had passed after the enactment of the Act ...
Page 8
... period . Many mutations took place in the Fi- nance Committee and on the floor of the Senate . At first invested capital was de- fined to be the fair average value of the assets actually invested and employed in the business or trade ...
... period . Many mutations took place in the Fi- nance Committee and on the floor of the Senate . At first invested capital was de- fined to be the fair average value of the assets actually invested and employed in the business or trade ...
Page 16
... period . In the absence of such methods , or if the taxpayer does not keep books , the calendar year is the taxable year . The commissioner may require the use of inventories in order to determine net in- come whenever he deems it ...
... period . In the absence of such methods , or if the taxpayer does not keep books , the calendar year is the taxable year . The commissioner may require the use of inventories in order to determine net in- come whenever he deems it ...
Page 17
... period , penalties , false and fraudulent returns . It would seem wise to retain the provisions for as- sessment and notice and demand for tax as a definite basis upon which the status of the taxpayer may be determined . Provision is ...
... period , penalties , false and fraudulent returns . It would seem wise to retain the provisions for as- sessment and notice and demand for tax as a definite basis upon which the status of the taxpayer may be determined . Provision is ...
Page 18
... period . In case corporations . have increased their capital since the pre- war period , only ten per cent of such addi- tional capital will be allowed as a further credit regardless of the rate of earnings in the pre - war period ...
... period . In case corporations . have increased their capital since the pre- war period , only ten per cent of such addi- tional capital will be allowed as a further credit regardless of the rate of earnings in the pre - war period ...
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Common terms and phrases
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