Word: taxed
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...Opinion in London was that this would be a tax of about 4% on profits not only of corporations but of private concerns also, possibly including such professional persons as lawyers, accountants...
...Taxing is a legal question pure and simple. Anyone has the right to do anything as long as the law does not say it is wrong. I object strenuously to treating income tax evasion as a moral issue. If the Government objects to tax evaders it should change...
Stanley Baldwin having been disposed of, the House got down to business. Up for discussion came the tax on growth of profits proposed by Neville Chamberlain in his Budget Speech (TIME, May 3). Leveled at Britain's fattened armament firms, this tax was originally designed to yield an annual revenue of $125,000,000 toward the cost of the Government's $7,500,000,000 five-year armament plan...
Almost to a man the Prime Minister's Conservative Party cracked down on the tax. It was described as "monstrous," as "the most disastrous proposal any government has put forward since the War." Only one Government supporter praised the measure-Sir John Simon, who as newly appointed Chancellor of the Exchequer had to speak well of it. Neville Chamberlain was in the unenviable position of being opposed by the Party of which he had been appointed leader that very...
...successful British politicians know how to make a virtue of retreat. Next day a contrite Prime Minister rose to his feet, declared: "I do not think I have ever been inclined to show a pig-headed obstinacy." Neville Chamberlain withdrew his tax. He said that Treasury experts were working on a "simpler" corporate profits levy...