TAX PANIC ON NEW YORK EXCHANGE.
NEW YORK, March 3.-A* the result of the decision of the United States Supreme Court that the taxing of dividends paid m stock, under the income tax section of the Revenue. Law, is unconstitutional, the Government will have to refund to owners about 100.000.000d015. • «V C ,, o, fcock> Anofcher result expected m Wall Street circles is that many large companies will now distribute stock in the form of dividends. Erroneous reports conc * J _ rn j n .8f the Court's decision, flashed from Washington, caused a big temporary drop in price* on the Stock Exchange, during which fortunes wero made and lost before a correction appeared on the tape.
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Poverty Bay Herald, Volume XLVII, Issue 15221, 20 May 1920, Page 3
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114TAX PANIC ON NEW YORK EXCHANGE. Poverty Bay Herald, Volume XLVII, Issue 15221, 20 May 1920, Page 3
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