Canadian Income Tax the Income War Tax Act 1917 With Explanations By the Min
Canadian Income Tax the Income War Tax Act 1917 With Explanations By the Min
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In our eReader you can find the full English version of the book. Read Canadian Income Tax the Income War Tax Act 1917 With Explanations By the Min Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Canadian Income Tax the Income War Tax Act 1917 With Explanations By the Min
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What is the position of the Business Profits War Tax Act to-day f It is this: the individuals, firms and companies who are liable mider that tax paid out of their profits of 1916, because the tax was retroactive, the amount to which they were liable in re- spect of 1915, and they pay this year, 1917, upon their profits of 1916. Next year, 1918, they will pay a heavy taxation against their profits of 1917. The point I make is that this was a three year measure, retroactive, and that is the featu...re which is lost sight of for one year. They paid in 1917, and they will pay in 1918, the heaviest business tax in the world. That holds the situation until 1918, so far as concerns those who are making abnormal profits out of the war. This income tax provides that if by chance there should be any firms — and I believe there will be very few indeed — whose taxation under the business profits war tax payable next year, in respect of their earnings this year, will be equal to or less than the taxation which they would pay tinder this measure, they may deduct it.
What to read after Canadian Income Tax the Income War Tax Act 1917 With Explanations By the Min?
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To quickly assess the difficulty of the text, read a short excerpt:
What is the position of the Business Profits War Tax Act to-day f It is this: the individuals, firms and companies who are liable mider that tax paid out of their profits of 1916, because the tax was retroactive, the amount to which they were liable in re- spect of 1915, and they pay this year, 1917, upon their profits of 1916. Next year, 1918, they will pay a heavy taxation against their profits of 1917. The point I make is that this was a three year measure, retroactive, and that is the featu...re which is lost sight of for one year. They paid in 1917, and they will pay in 1918, the heaviest business tax in the world. That holds the situation until 1918, so far as concerns those who are making abnormal profits out of the war. This income tax provides that if by chance there should be any firms — and I believe there will be very few indeed — whose taxation under the business profits war tax payable next year, in respect of their earnings this year, will be equal to or less than the taxation which they would pay tinder this measure, they may deduct it.
What to read after Canadian Income Tax the Income War Tax Act 1917 With Explanations By the Min?
You can find similar books in the "Read Also" column, or choose other free books by Bryan Pontifex to read onlineMoreLess
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