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Proceedings of the Annual Conference on Taxation Held Under the Auspices of the National Tax Association (Volume 12)

Proceedings of the Annual Conference on Taxation Held Under the Auspices of the National Tax Association (Volume 12)


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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. 1920. Excerpt: ... REPORT OF COMMITTEE ON FEDERAL TAXATION CONTENTS I. Introduction II. Consumption Taxes III. Income Tax A. REPORT OF THE 1915 COMMITTEE B. THE ACT OF 1918 C. RECOMMENDATIONS 1. Introductory L'. Simplification 3. Exemptions 4. Tax exempt securities 5. Tax free bonds 6. Income from dealings in capital assets 7. Deductions and losses a. Interest b. Reserves e. Net losses d. Amortization e. Depletion f. Inventory losses 8. Stock dividends 9. Nonresident citizens and aliens 10. Residents of possessions 11. Nonresident corporations and partnerships 12. Miscellaneous a. Dife insurance premiums b. Contributions by corporations c. Life insurance policies paid to corporations d. Allocation of dividends e. Insurance companies 13. Administrative proposals a. Regional boards of review b. Returns by individuals having gross income of $1,000 e. Information at source--Nonresidents d. Information at source--Residents e. Receivers and fiduciaries f. Payment under duress g. Assessment of tax IV. War Profits And Excess Profits Tax A. Rate B. Gains From Sale Of Capital, Assets C. Invested Capital 1. Borrowed capital 2. Intangible capital D. Corporations Partly Personal Service CORPORATIONS E. ELEMENT OF RISK V. Conclusion I. Introduction When your committee on federal taxation was appointed, in Jnly, 1918, the country was engaged in a great world war. Government moneys were being expended on a stupendous scale, far in excess of receipts, and the demand for increased revenue was urgent. The problem then challenging the attention of Congress and of the country, was the formulation of plans for raising the necessary revenue to continue the conflict. In the view of your committee, its first duty was to assist in bringing to the attention of Congress the consensus of opinion of tho...


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Product Details
  • ISBN-13: 9781150086922
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 198
  • Spine Width: 11 mm
  • Width: 189 mm
  • ISBN-10: 1150086920
  • Publisher Date: 01 Jan 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 363 gr


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