Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-10-30


or from the net earnings Ufacorpora-
ticns and jolIhrstock companies or as
sociations subject TO like tar. who are
required 20 make and render q ne
turn in behalf of another, as prosfd-
ed herein, to the collector Of his. her,
or its district. are hereby authorized
and required to deduct and withhold
from such annual gains. profits, and
income such sum as will be suffi-
cient TO pay the normal tax imposed
thereon by this section, and shall pay
to the officer of the United States
government authorized to receive the
same; and they are each hereby per-
sonally liable for such tax. In all
cases where the income tax OF per-
son is withheld and deducted and
paid or 60 be paid at the source, as
aforesaid, such person shall not re-
ceive the benefit of the deduction and
exemption allowed in paragraph G Of
this section except by an application
for refund of the tax unless he sha,,,
not less than 80 days prior to the day
on which the return of his income is
due, file with the person who is re-
CURED to withhold and pay tax for
him, q signed notice in writing claim
/ ing the benefit Of such exemption and
!thereupon no tax shall be withheld
upon the amount of such exemption:
rovided, That II any person for the
purpose Of Obtaining any allowance
or REDUCTION by virtue of q claim for
such exemption, either for himself
or for any other person, knowingly
makes any false statement or false or
fraudulent representa- he shall be
liable to penalty of $500; nor shall
any person under the foregoing con-
sditions be allowed the benefit OF any
deduction provided for in subsection
B Of this section unless he shall. not
less than 80 days prior to the day
on which the return Of his income is
due, either file with the person who
is required to withhold and pay tax
for him q true and correct return of
his annual gains, profits, and income
from ali other sources, and also the
deductions asked for, and the show.
ing thus made shall then become e.
part of the return to be made in his
behalf BY the person required to with
hold and pay the tax, or likewise
make application for deductions to
the collector OF the district inswhich
return Is made or to be made for
him Provided further, That If such
person is q minor or an insane per-
SON. or is absent from the United
States, or - unable owing to serious
Illness to make the return and appli
cation above provided for the return
and application may be made for hins
or her BY the person required to With
hold and pay the tax, he making oath
under the penalties Of this act that
he has sufi1eient knowledge OF the.
affairs ana property Of his beneficiary
to enable him to make full and
complete return for him or her, and
that the return and application made
by him are full and complete: Pro
vided further; That the amount OF
the normal tax hereinbefoTes imposed
shall be deducted and withheld from
fixed and determinable annual gains,
profits and income derived from inter
est upon bonds and mortgages or deeds
Of trust or; other similar obligations
of corporations, joint-stock companies
CT associations, and insurance COM
panies, whsther payable annually or
at shorter or longer periods, although
such interest does not amount to $3,-
600, subject to the provisions of this
section requiring the tax to be with
held at the source and deducted from
annual income and paid to the gov
ernment; and, likewise the amount of
such tax shall be deducted and with
held from coupons, checks, or bills Of
exchange for or IN payment of inter
est upon bonds of foreign countries
and upon foreign mortgages or like
obligations (not payable In the United
States). and also from coupons,
checks, or bills of exchange for or
in payment Of any dividends upon the
stock or interest upon the obligas
tions of foreign corporations, assooi-
atoms, and insurance companies en-
gagged in business in foreign coun-
tries; and the tax in each case shall
be withheld and deducted for and
in behalf of any person subject to
the tax hereinbefore imposed, al.
though such interest, dividends, or
other compensation does not exceed
SO 900, by any banker or person who
shall sell or otherwise realize con-
pons, checks, or bills of exchange
drawn or made in payment Of any
such interest or dividends fnot pay
able in the United Statesl, and any
person who shall obtain payment mot
in the United States), in behalf of an
other of such dividends and interest
by means of coupons, checks, or bills
OF exchange, and also any dealer in
such coupons who shall purchase the
same for any such dividends or inter.
lest tnot payable IN the United
Statesl, otherwise than from bank
eE or another dealer in such coupons;
but in each case the benefit of the
exemption and the deduction allow
able under this section may be had
by complying with the foregoing pro-
visions of this paragraph.
Must Have License.
iAlI persons, firms, or corporations
undertaking as a matter OF business
ior for profit the collection of foreign
payments Of such interest or divi-
bends by means of coupons, checks,