BIG TAXATION CLAIM.
BY AMERICAN GOVERNMENT. NEAV YORK, Dec. 16. The Federal Government made an important move in its bitter fight against public utility holding companies to-day when it filed a tax nen for ov©r 48,000,000 dollars aginst the Associated Gas and Electric Company. Another lien for 2,500,000 dollars be filed shortly. Botlp liens represent, the Government alleges, unpaid corportant taxes for the year 1929-33, inclusive. The vastness of the amount involved and the secrecy with which action has been taken led AVall Street circles, to insist that it is a New Deal reprisal against the Associated Gas and Electric Company, whose president (Mr Howard Hopson) is particularly acl W® among utility executives, fighting the Administration’s holding company is the largest ever filed in New York, and perhaps the largest J f;wi in the United States. Its validity will probably be the subject of protracted litigation.
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Manawatu Standard, Volume LVI, Issue 17, 18 December 1935, Page 9
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146BIG TAXATION CLAIM. Manawatu Standard, Volume LVI, Issue 17, 18 December 1935, Page 9
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