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Papers by Command Volume 44

Papers by Command Volume 44


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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1905 Excerpt: ... raises practically the same question. 1119. In addition to ordinary banking business, are large transactions in stocks and shares carried out at the branch here, both on account of the banks abroad and for and on account of customers of such other establishments (foreign), of the same bank?--Yes. 1120. Is it correct that the branch banks here are credited with "commission" for the business done on behalf of their head office, and the other branches, but claim that there is no income tax liability in respect of these amounts, alleging that they are simply book-entries, and that a bank cannot pay a commission to itself, whilst at the same time they charge against the profits of the English branch the whole of the expenses incurred here, although a considerable portion of such expense necessarily relates to the business done on acount of their foreign establishments?--That is quite correct. 1121. You think that is a matter with which the law ought to deal?--Yes, it is another case of legal evasion. 1122. (Mr. Buxton.) If there is no legal decision on the point what is to prevent the Commissioners assessing the parties at which they think a fair profit?--They have done so, and the parties have refused to pay and raise the technical objections I have referred to. 1123. (Chairman.) You have given us some information Wasting on the question of copyright, patent right, and terminable assets and annuities; I gather you are not dissatisfied with the terminable existing state of the law T--So far as it originally existed. L"nerallv The fact is that the Legislature has been a little weak in impractra. making admissions and inclusions which ought never to bility of have been made, particularly with regard to the Act of differentia1878, in the matter of d...


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Product Details
  • ISBN-13: 9781130204162
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 306
  • Spine Width: 16 mm
  • Width: 189 mm
  • ISBN-10: 1130204162
  • Publisher Date: 01 Mar 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 549 gr


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