TAXATION IN U.S.
INDUCTION PROPOSALS. hr UIU-HISI ASSOCIATION— COPTMOHT.) {icnuuiv a.vd v.z. cabli association.} WASHINGTON, October 81. Mr Andrew Mellon (Secretary for the Treuory) lias submitted a plan to the Home Representative "Ways and Hum Committee for the reduction of 25/100,000 dollars from the Taxpayers' Bllsest year. Mt Mellon declared that the propane contemplated five major redue* ? tSUTM follows: (I) A decrease, in the corporations to from 181 to 12 per cent. 1 {!}' Amendments permitting small corjntipnj.earning less than. 25,000 dolWJtoaiake returns as partnerships. (I) A refaction of 50,000,000 dollars latcf on the eo-cfilled intermediate inbetween 18,000 dollars and 70,W0 dollars» year. (4) Tte repeal of the estate tax. (5) Exemption for American bankers' •weptapeei leld by foreign central buki.
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Press, Volume LXIII, Issue 19147, 2 November 1927, Page 9
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120TAXATION IN U.S. Press, Volume LXIII, Issue 19147, 2 November 1927, Page 9
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