CHARLES LAUGHTON
TAX DODGING ALLEGED
WASHINGTON, June 19.
Treasury experts, in evidence at a Congress inquiry, said that Charles Laughton, the English actor, firm 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 charged Laughton with having turned over his earnings, v/hich in 1935, totalled £47,500, to a British corporation, and having received from it £4OOO 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 Deparement would probably undertake reciprocal arrangements with foreign Governments, designed to prevent avoidance of tax payments through a personal holding company.
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Bibliographic details
Poverty Bay Herald, Volume LXIV, Issue 19372, 9 July 1937, Page 14
Word Count
124CHARLES LAUGHTON Poverty Bay Herald, Volume LXIV, Issue 19372, 9 July 1937, Page 14
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