Word: assessing
(lookup in dictionary)
(lookup stats)
Dates: during 1921-1921
Sort By: most recent first
(reverse)
...these, the "turnover" tax would assess every sale from the raw material to the final product at delivery. Since some articles pass through many more hands than do others, certain branches of industry must inevitably labor under a serious disadvantage. The "turnover" tax, moreover, would encourage the formation of combinations, to the exclusion of the small manufacturer and the middleman; it would tax concerns regardless of how profitable they are it is, therefore, not adapted to American business conditions. The retail sales tax, on the other hand, eliminates this difficulty by proposing to collect revenue upon the product...