INCOME TAX.
THE BRITISH LAW. AN AMERICAN COMPANY. DECISION OF HIGH COURT, By Telegraph.— Press Association.— Copyright, (Received February 17, 10 a.m.) LONDON, 16th February. The American Thread Company has been ordered to pay income tax on £180,000, the King's Bench Division* of the High Court holding that although-* the company's mills were located in America, and its trade done there, common stock was held by an English company with English directors, and that this brought the company within the Act. [J.he American Thread Company w«& incorporated in March, 1898, under the laws of New Jersey, U.S.A. It is an amaJgamatioft by th& acquisition of the bulk of the common stock and properties of thirteen American cotton, spinning dyeing, and bleaching, etc., business.] o ''
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Bibliographic details
Evening Post, Volume LXXXI, Issue 40, 17 February 1911, Page 7
Word Count
124INCOME TAX. Evening Post, Volume LXXXI, Issue 40, 17 February 1911, Page 7
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