Government Financing a Brief Treatise On a Matter of Present Day Interest Pres
Government Financing a Brief Treatise On a Matter of Present Day Interest Pres
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In our eReader you can find the full English version of the book. Read Government Financing a Brief Treatise On a Matter of Present Day Interest Pres Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Government Financing a Brief Treatise On a Matter of Present Day Interest Pres
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Second, the failure of the law to deduct all actual losses, ascertained and actually realized, in all transactions engaged in for profit whether or not such losses were sustained in con- nection with the usual business or occupation of the tax payer. Those who criticise the law believe that every citizen should be permitted to indulge in transactions not connected with his business or occupation and should losses ensue, since his income is correspondingly de- creased, they should be allowed in ...the income tax cal- culation. Third, the law has been criticized for discrim- inating against corporations; for instance, it is claimed that dividends paid to corporations should be treated for the purpose of the normal income tax in the same 30 GOVERNMENT FINANCING manner as for the purppse of the war income tax; that is, these dividends should not have to be accounted for by the recipient corporation in preparing its income tax report. Further, it is claimed that all interest paid by a corporation should be deducted from its earnings for the purpose of computing its net taxable earnings for the reason that interest is as legitimate an item of expense as wages, materials, insurance or taxes.
What to read after Government Financing a Brief Treatise On a Matter of Present Day Interest Pres?
You can find similar books in the "Read Also" column, or choose other free books by Irwin George Jennings to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Second, the failure of the law to deduct all actual losses, ascertained and actually realized, in all transactions engaged in for profit whether or not such losses were sustained in con- nection with the usual business or occupation of the tax payer. Those who criticise the law believe that every citizen should be permitted to indulge in transactions not connected with his business or occupation and should losses ensue, since his income is correspondingly de- creased, they should be allowed in ...the income tax cal- culation. Third, the law has been criticized for discrim- inating against corporations; for instance, it is claimed that dividends paid to corporations should be treated for the purpose of the normal income tax in the same 30 GOVERNMENT FINANCING manner as for the purppse of the war income tax; that is, these dividends should not have to be accounted for by the recipient corporation in preparing its income tax report. Further, it is claimed that all interest paid by a corporation should be deducted from its earnings for the purpose of computing its net taxable earnings for the reason that interest is as legitimate an item of expense as wages, materials, insurance or taxes.
What to read after Government Financing a Brief Treatise On a Matter of Present Day Interest Pres?
You can find similar books in the "Read Also" column, or choose other free books by Irwin George Jennings to read onlineMoreLess
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