Tax Excess Profits!

Gissen, Max
June 1941
New Republic;6/2/41, Vol. 104 Issue 22, p755
Criticizes the Excess-Profits-Tax Act of the U.S. as of 1941. Evasion of excess-profits tax by many business enterprises due to loopholes in the tax act; Scope of expansion in defense work and business and subsequent need for an amendment in the act; Overview of the Department of Treasury's new proposal related to the act which is based on invested-capital method; Implications of the application of effective excess-profits-tax principles on four major steel companies of the U.S.


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