Mills’ Bomb Yields Patentee £27,750
NO TAX EVASION FAILURE OF APPEAL By Cable. —Press Association. — Copyright. Reed. 11.45 a.m. LONDON, Tuesday. Sir William Mills, who patented tile Mills bomb, lost an appeal against the Income Tax Commissioners, who charged him supertax on £27,750, which he received from the Government for the use of the bomb, of which, it is revealed, 75,131,962 were made during the war. Counsel explained that Sir William Mills improved the Roland bomb, a Belgian invention. The Inventors Awards Commission awarded £37,000 for the bomb, of which £9,250 was paid to the Belgians. Sir William contended that the award was a lump sum for the acquisition of the rights to the bomb. . . The Income Tax Commissioners argued that although the award referred to the future user, the possibility of this was so remote that the sum should be regarded in respect to the past user. , . The Judge held that the reference to the future user was only inserted to prevent a further claim. He added that the award was given in respect to something worth compensation, and was therefore taxable.— Times.
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Sun (Auckland), Volume I, Issue 297, 7 March 1928, Page 9
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184Mills’ Bomb Yields Patentee £27,750 Sun (Auckland), Volume I, Issue 297, 7 March 1928, Page 9
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