INCOME TAX RETURNS
DEDUCTIONS FOR LOSSES
LIMITED TO ONE YEAF*
(Eeceivcd May 27, 9 a.m.)- ' ~ , WASHINGTON May 26. An amendment to the Public Works Industrial Control Bill, limiting deductions from capital losses to one year for income tax returns, was approved on. Friday by tho House Ways and Means Committee. ■
This is the sequel to an investigation ordered on Thursday by the- House Ways and Means Committee into . tho gains-and-losses provisions of income tax laws with a view to correcting in the Public Works Industrial Control Bill a condition which had permitted the. Morgan Company to avoid income tax payments in the last two years. A sub-committee was appointed to draft an amendment for insertion in the Bill.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19330527.2.95.2
Bibliographic details
Evening Post, Volume CXV, Issue 123, 27 May 1933, Page 13
Word Count
118INCOME TAX RETURNS Evening Post, Volume CXV, Issue 123, 27 May 1933, Page 13
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.