Proceedings of the Annual Conference on Taxation Held Under the Auspices of the National Tax Association-Tax Institute of America Volume 6, PT. 1912

Proceedings of the Annual Conference on Taxation Held Under the Auspices of the National Tax Association-Tax Institute of America Volume 6, PT. 1912

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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. 1913 edition. Excerpt: ...The returns made to the commission are confidential, and nothing but the name of the corporation paying the tax, and the amount of the tax, is a public record. The returns made by the corporations were, almost without exception, compiled with great care and scrupulous honesty. Every assistance was rendered the commission, and to the co-operation of the corporations themselves is due to a great extent the successful operation of this feature of the law. The time allowed for making returns and appraising securities was so limited that general hostility on the part of the corporations might have interposed difficulties almost, if not quite, insurmountable. The amount of revenue produced by this tax was $542, . 701.22, or a sum equivalent to more than twenty per cent. of the total revenue of the state for the preceding year, and greater than the estimated revenue for the current fiscal year from the state tax on several cities and towns. Although the amount was not as large as was expected by many, it closely approximated the estimate made by the framers of the act. It represents a tax upon $135,675,305, an amount which exceeds the total valuation of all personal property in thestate for the preceding fiscal year. Taken in connection with the intangible personal property valuation represented by the tax on bank shares, an intangible personal property valuation of $153,395,200 is obtained, an amount which exceeds the assessed valuation of all the personal property in the state in 1911 by more than twenty-five per cent. The features of this tax which require the most careful consideration are the methods of determining the corporate excess, and in the case of corporations transacting business both within and without the state, the method of determining..show more

Product details

  • Paperback | 166 pages
  • 189 x 246 x 9mm | 308g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236536193
  • 9781236536198