Word: problems
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1940
Sort By: most recent first
(reverse)
...minor problem for the British high command when war broke out was what to do about the self-exiled Edward VIII, who still retained a raft of honorary military titles. It was decided that he should be made a simple major general and attached to General Gort's B. E. F. staff to do "liaison work...
...delinquency sales have been growing. Typical was Atlantic City, N. J., whose Controller Bessie Townsend described the problem as a race to sell properties to private buyers and put them back on the tax rolls faster than they come into the city's hands...
Hastily drawn, this bill evaded many a growing U. S. fiscal problem. Secretary Henry Morgenthau Jr., who thinks a lot more of the bill than do most Government economists, himself admitted that the entire tax structure needs scientific revision...
...businessmen, the new bill begs a more immediate question: will there be a war-profits or excess-profits tax, and how much? Last week this problem was underscored when Senator Robert Marion La Follette Jr. tacked an approximate copy of the old 1918 war-&-excess-profits taxes on to the Morgenthau bill. To his surprise it passed right through the Senate but the joint conference killed it. Main provisions of the La Follette rider, aimed at all corporate net incomes (in addition to the ordinary corporate income...
Last week Administration tax experts got down to the problem of sifting such problems. They intended, first of all, to make a distinction between a war-profits tax (on munitions-makers selling to the Government) and an excess-profits tax (on all corporations - as in 1918). The munitions-makers (aircraft and shipbuilders are already subject to a 10 or 12% profit limitation) may be treated more severely than the rest. On ordinary excess profits, the experts were looking for a formula to give corporations an incentive for ploughing their boom profits into new plant, thus multiplying defense production...