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- Title
EXCESS PROFITS TAXATION AND THE TAXPAYER.
- Authors
DOUGLAS, GEORGE
- Abstract
The article offers information on excess profits taxation and taxpayers. It states that in early 1939, Great Britain imposed 60 percent excess profits tax on armament firms, when it began preparing for the Second World War, and in the fall of 1939, the tax was extended to all companies. It presents that under the current corporation normal tax, surtax and excess profits tax, companies will have available after taxes about 3 percent out of the total business receipts left to keep war materials flowing, pay some dividends to 11,000,000 stockholders and have sufficient reserves to reemploy out fighting forces.
- Subjects
UNITED Kingdom; EXCESS profits tax; WORLD War II; WEAPONS industry; CORPORATE taxes; SURTAX; BUSINESS; DIVIDENDS; STOCKHOLDERS
- Publication
Law & Contemporary Problems, 1943, Vol 10, Issue 1, p140
- ISSN
0023-9186
- Publication type
Article
- DOI
10.2307/1190031