TAXATION AND FOREIGN COMPANIES.
AN JUDGMENT. WELLINGTON, May 16. The Court of Appeal gave their decision this morning on an important question ooncerning the liability of foreign companies doing business in the colony for the payment of Income Tax. The case was the Commissioner of Taxes versus Lovell and Christmas, and the question was whether or not the defendant company was liable to be assessed for Income Tax under the Act of 1900 in respect of profits derived by it. The Court held that the defendant aompany was liable to be assessed for the payment of Incoma Tax in respect of. the profits derived by it from the transactions stated in the case, and gave judgment for plaintiff for £1,500, each side to pay its own costs. Leave to appeal to. the Privy Council was given. -
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Wairarapa Age, Volume XXVIX, Issue 8140, 17 May 1906, Page 5
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136TAXATION AND FOREIGN COMPANIES. Wairarapa Age, Volume XXVIX, Issue 8140, 17 May 1906, Page 5
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