TAXATION CASE.
TREASURY LOSS
(Australian Press Association) * WASHINGTON, Alay, 5
Efforts on the part of the Treasury Department to recover about 30,000,000 dollars in additional' taxation from former stockholders in the Ford Motor Company has ended in defeat for the Government: The board of Tax Appeals ruled that the stockholders had paid all they owed and shodid, 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 Senator Couzens, in 1905. bought 44,900 dollars’ worth of lord Stock for 2400 dollars and later sold the same for twenty-nine million dollars.
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Bibliographic details
Manawatu Standard, Volume XLVIII, Issue 134, 7 May 1928, Page 7
Word Count
128TAXATION CASE. Manawatu Standard, Volume XLVIII, Issue 134, 7 May 1928, Page 7
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