U.S. Tax Evasion Allegations
(Received 10.30 a.m.) WASHINGTON June 25.
Further tax evasions by a former Secretary of the Treasury, Andrew Mellon, and 16 other wealthy business men are alleged.
By using the holding company’s device, the payment of 1,638,000 dollars in 1934 is stated to have been avoided. Among the other business men mentioned are:—A. P. Sloan, president of the General Motors Corporation; J. J. Raskob, capitalist; Thomas Lament, a partner in the banking firm of J. P. Morgan; and several members of the Du Pont family. The Treasury Department estimates that, in all, 4,115 people have used the device and, avoided the payment of 8,327,000 dollars in taxes.
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https://paperspast.natlib.govt.nz/newspapers/NA19370626.2.42
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Northern Advocate, 26 June 1937, Page 5
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110U.S. Tax Evasion Allegations Northern Advocate, 26 June 1937, Page 5
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