UNITED STATES POLITICS.
TAX ON CORPORATIONS. TEN MILLIONS FROM TWO PER CENT. ' • IMPOST. ■; (DY TELEORAPH—PRESS ASSOCIATION—COFTEIOHT.) (Reo. Juno 16, 10.35 p.m.) • V ' Hew Yorh, June 16. President Taft favours a tax of two per cent, on tho net earnings of corporations. It is estimated that this tax would bring to the Treasury'6o million-dollars (ten millions sterling) annually.
FINANCE REFORM. FREE-TRADE WITH PHILIPPINES. New York, June 15. The Democrats in Congress aro strongly opposing the clauses in tho Tariff Bill proposing Free-trado between the United States and the Philippine Islands.
The Secretary of tho American Treasury proposes. to introduco .into Congress in December next all the Departmental appropriations in a single Budget. ~ Hitherto the individual heads of tho various Government offices have been responsible for the appropriations. Tho haphazard methqds adopted have resulted in deficiencies amounting to between four and five millions sterling.
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Dominion, Volume 2, Issue 536, 17 June 1909, Page 7
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142UNITED STATES POLITICS. Dominion, Volume 2, Issue 536, 17 June 1909, Page 7
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