CHARLES LAUGHTON.
TAX EVASION ALLEGED. United States Treasury- experts, in evidence at a Congress inquiry, said that Charles Laughton, the English actor, film star, among a group of lesser known bankers and industrialists. had formed personal holding companies in foreign countries in order to take advantage of loopholes in the income tax laws. . , The Treasury.cnarged Laughton witn having turned over his earnings, which in 1935, totalled 190 000 dollars to a British corporation, and having received from it 20,000 dollars annually. ■■■-., Experts emphasised that that course might be perfectly- legal,-but they asked for legislation to stop the practice. It was indicated that the State Department would probably undertake reciprocal arrangements with foreign Governments, designed to . prevent avoidance of tax payments through a personal holding company.
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Manawatu Standard, Volume LVII, Issue 198, 22 July 1937, Page 9
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125CHARLES LAUGHTON. Manawatu Standard, Volume LVII, Issue 198, 22 July 1937, Page 9
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