Special Reports Volume 13-22

Special Reports Volume 13-22

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1920 edition. Excerpt: ...(Ralston-Nolan Bill, H. R. 12397). These proposals, which are not approved, will now be considered more fully before proceeding to a statement of the reasons which influenced the Committee in making its recommendations. 160 Second National Industrial Tax Conference (Page 17) Discussion of Proposals Which Are Not Approved Sales or turnover tax It is not advisable under present conditions to resort to any one of the several forms of a sales or turnover tax of general application which are being proposed. The Committee approached in the most hopeful spirit the proposal that our tax system could be greatly simplified and perhaps the greater part of the necessary revenue could be raised through the adoption of some form of a general sales tax. It is no exaggeration to say that most of the members of the Committee at the outset were rather predisposed in favor of a general sales tax, and it was with the greatest reluctance that the Committee has reached the conclusion that such a tax does not offer a satisfactory solution of the taxation problem. A very considerable portion of several all-day sessions of the Committee has been devoted to the consideration of the sales tax proposals, and great assistance has been rendered by Mr. Charles E. Lord of Galey & Lord, and Mr. M. D. Rothschild, chairman of the Business Men s National Tax Committee, both of whom are leading proponents of a turnover tax in some form and have attended a number of meetings of the Committee and participated in its discussions. In the hope of securing the approval of the Committee a special conference was arranged with such leading economists and tax experts as the Committee could consult personally. While opinions differ as to the wisdom of some of our proposals, the...show more

Product details

  • Paperback
  • 189 x 246 x 12mm | 399g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236888839
  • 9781236888839