TAXATION CASE
LOST BY UNITED STATES - TREASURY (Australian Press Association.) (Rec. May 6, 11 p.m.) Washington, May 5. Efforts on the part of the Treasury Department to recover about 30,000,000 dollars in additional taxation from former stockholders in the lord Motor Company has ended in defeat for the Government. The Board of Tax Appeals ruled that the stockholders had paid all they owed ami should, in fact, receive a refund of an amount which is unofficially estimated at a million dollars. Chief interest centres around Senator Couzens, from whom the Government claimed ten million dollars, and who will now receive 500,000 dollars. A romantic aspect of the case lies in the fact that Couzens, in 1905, bought 44,900 dollars’ worth of Ford Stock for 2400 dollars and Later sold the same for twenty-nine million dollars.
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Bibliographic details
Dominion, Volume 21, Issue 184, 7 May 1928, Page 9
Word Count
135TAXATION CASE Dominion, Volume 21, Issue 184, 7 May 1928, Page 9
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