The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-02-28
CORPORATION REPORTS MUST
BE SUBMITTED BY TOMORROW
If New Federal Law is Not Com
piled With Stiff Fines Will
be Melted Out.
MANY REPORT UNDER PROTEST


all over the country indicate that the
officials ON corporations are awaken
ing to the importance of the new cor
poration tax law, and IL is not likely
that many important concerns Will be
delinquent in filing their reports,
which must be in the office OF the coll
lector of internal revenue fOc their
district by tomorrow night.
Every corporation that fails 20 have
its report properly filed out in the
hands of the revenue collector by to-
morrow, makes itself liable to fine
of not less than $1,000, ana possibly
$4,000.
New York corporations have gener-
ally shown an inclination to comply
with the law. so far as the filing OF
reports is concerned, but most of them
do so merely as a matter of form and
without any expectation of ever hav-
ing to pay the tax, which they as
sumo will be declared unconstitution-
al.
Collector Hertz. Of the Chicago dis
trict is reported as saying:
1.-The spirit shown by most Of those
we have dealt with is good. Now and
then a man comes in with a chip on
his shoulder. and, as my assistant,
Frank Hemstreet, says: When 1t
comes to taxes every man is against
the Government but most of them
are reasonable. They know that the
matter is to be fought out in the
courts. but they don't talk about IL.
Some of them have expressed them
selves warmly i'm favor of the law,
and l already have a lot of checks,
although they don't have to pay be-
fore June. These are more numerous
than those who attach a protest to
their return"
Collector McCroach. of Philadelphia.
takes an optimistic view of the law,
He says:
II do not think that any of the cor
porations, companies or associations
are holding back their reports with a
view to resisting the constitutionality
of the law or with an idea that it's
provisions may be modified by Con-
gress. None of the organizations af
it's figures will become known to
their business rivals or to the public.
All statements received at this office
Immediately become the property of
the department, and are forwarded to
Commissioner Of Internal Revenue Ca
bell, at Washington.s
1t is understood that nearly all of
the 10000 corporations in the Boston
district have reported. although many
of them do so under protest.
"Those," said Chief Deputy Hamil-
ton. of Boston, "who like to get rid of
disagreeable thing at the earliest
opportunity have already reported as
the law directs; those who put things
off till the last moment are now send
ing in their papers"
st. Louis corporations VIII not
Deputy Collector Brodt thinks, pay
more than s1,O0O,00O under the FEEDER
al tax law. and there is a possibility
that the total will be as low as $780,.
900. But If large railroad and in
surance companies, with headquarters
at st. Louis, should file their state
ments here the payments may exceed
s1.000.000. According to compilations
prepared by brokers the payments at
st. Louis may exceed s3.OOO,OO0.
Corporations of the New Orleans in
ternal revenue district. which COM
prises the state of Louisiana. seem to
be willing to comply with the new cor
poration tax statute. although they
are slow in making reports. So far as
is known none of the Louisiana cor
porations intend to contest the law,
but IT seems physically impossible that
all of the reports shall be in by to-
morrow.
Dispatches from san Francisco. Los
Angeles. Seattle and Portland indicate
that the coast corporations are rap
idly getting into line and that the re-
turns for that section will be practi-
cally complete tomorrow.
SUPERINTENDENT MEET.