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Income Tax: How to Avoid Overcharges and Obtain Repayments, With a Chapter on Super-Tax (Classic Reprint)

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    Available in PDF - DJVU Format | Income Tax: How to Avoid Overcharges and Obtain Repayments, With a Chapter on Super-Tax (Classic Reprint).pdf | Language: ENGLISH
    A. D. Macmillan (Author)

    Book details


Revenue by the persons receiving them, but come through third persons, tax being deducted in the transfer. It is well known that no person is liable to Income Tax whose income does not exceed 135, but to prevent loss, the law charges all income, so far as possible, at its origin. Thus, a Public Company may have a thousand shareholders, of all degrees of wealth: perhaps a millionaire or two, several whose incomes run into thousands, a large number of fairly well-to-do persons, and, at the other end, some very poor persons who own only one share each, and whose entire incomes are perhaps less than 100 a year. If the Company makes a profit of 50,000 a year, the Revenue makes one assessment of 50,000 on it, and charges tax on the whole amount at the highest current rate.
(Typographical errors above are due to OCR software and don't occur in the book.)

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Forgotten Books is a publisher of historical writings, such as: Philosophy, Classics, Science, Religion, History, Folklore and Mythology.

Forgotten Books' Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the aged text. Read books online for free at www.forgottenbooks.org
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Book details

  • PDF | 100 pages
  • A. D. Macmillan (Author)
  • Forgotten Books (11 Jun. 2012)
  • English
  • 5
  • Business, Finance Law

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