NEW YORK UNDERWORLD
AN INCOME-TAX INQUIRY NEW YORK. April 5. The Government has (detailed 50 revenue agents to make a flank attack on New York “racketeers,” similar to that which was recently effective in Chicago. The, agents will examine the income tax returns for a series of years of all notorious “racketeers,” “gangsters,” smugglers, and bootleggers, and also of a policeman with a mysteriously large bank account, It; is asserted by the Federal District Attorney here that “easy money” earners have defrauded the Government in recent years of over 3,500,000 dollars (£700,000) in income taxes by making false returns. This would indicate that their gross business in that period was something over 250,000,000 dollars (£50,000,000) or possibly twice us much. Expenses of doing business are not allowable as reductions from gross income in income tax reports covering illicit activities.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/PBH19310619.2.29
Bibliographic details
Poverty Bay Herald, Volume LV, Issue 17498, 19 June 1931, Page 4
Word Count
139NEW YORK UNDERWORLD Poverty Bay Herald, Volume LV, Issue 17498, 19 June 1931, Page 4
Using This Item
The Gisborne Herald Company is the copyright owner for the Poverty Bay Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in