The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1917-10-16
WAR PROFITS TAX
GIVES BIG REVENUE


900
low M compared with the nercentage
which. the net income during sncb neTi.
Cd Of represcntativo corporations, nart.
ner.hins and individuoIs oIaonoh IL, !.
like or similar trade or business was
10 tbeir invested coritA tbon tho
amount Of the oYcoss Snrnsts .b.u no
aetarnined in tho somo n,onnor ne ,iro.
vided m spbd;vision Tol 81 tb;s ssct;on
excert that for No nnrnoses % tbis s,,h'
d,,ision tbe invested sanitat % ,ho co..
aaye, sboll no tho nrot,art;a0 90 tLo az.
H. in,o.tod conitol H., a. 80 A.
80. ~ Dr. ~ ~ -. -. ~,
49,. o.,,sao. I'll; rs, S....l
Lana. 49, .Lo oo.in ,a ; on,s"u "'"'''
IT,, rho tax aLaiT - aSsn"..I ,,o,
tho as;s ~ tho ovooas rroSts aator.
l-,ty;z ~ ,.o,,iIoJ - ,t..,rt - 49,
dred and three, but the taxnavcr claim.
ing the benefit of this section may at
the time of making the return file a
claim for abatement of the amount by
which the tax so assessed exceeds a
tax at like rate computed upon the
basis of excess profits determined as
provided in this section. In such event,
lyAACNfhVh Va WV pun VI INV haA Wv
cred by such claim for abatement shall
not be made until the claim is decided
but IL, in the judgement of the Com
missioner Of Internal Revenue, the in
terests Of the United States would be
jeopardized thereby, he may require
the claimant to give a bond in such
amount and with such sureties as the
commissioner may think wise, to safe
guard such interests, conditioned for
the payment Of any tax found to be
due, with the interest thereon, and il
such bond, satisfactory to the commits
sioDer, is not given within such time
as he prescribes, the full amount of
tax assessed shall be collected, and the
amount overpaid, if any, shall upon
final decision of the application be re-
funded as q tax enormously or illegally
collected. 81.
Net Income Ascertained
issao ooe That for th, rrrnosas NJ
.h,. ,;,la ~. not ;noor,a r. ; 1000,
sat5.,, shoti no osanrtn;n,5 ga ~
,,,.nad IA Co. tha ooIcnJor voars nins
49,, LNnJ.ad I'D oIa,.or "a .;na4aan
h.,.,a.a5 a,,5 ,%rai,,o ,,,,o,, a. sa,,,o ~.
a;s aaS Ia tbo son,o r'annor os nrnv;dod
IL aa,.;a,, thi,tt, .ai,,h+ 90 En- 60 a..
.iaa \ 4. 80 e. Sro,s;io ua,,on,o 80
80 a.,.;os "a 'onoo,',oo En- 49,
t-;as 80 tba 'ITn;toJ Stotss and f"r
otha, y,,rnnsos onnrnrod Auorst efth
.,;n,.oP ,s'yi,1 XII n;no 80. a..
;nao,na go na;S hv - w;tLin tho
,,nan ;,,,,rooJ r., .Lo o'.hor;,'. % a.
! iIrn;,oJ Stotas Shon no inclnio5. IN
Co. tbs coien5or woor n;retecn bnnd rd
"a tk;rtaon 49, tho 800 hasis a nd
:, IN .ba sowa monrnr 30 nro,.iJoa 4,
Saot;nn TT of tha not ontitfaJ a. 90,
- reJnos tor;sf Jnties a"I e. nrov;5s
revenue for the government, and for
other purposes approved October
third, nineteen hundred and thirteen
except that income taxes paid by II
within the year imposed by the author
ATTY off.the United States shall be IN
cluded, and except that the amounts re
I ceived by it as dividends upon the
stock or from the net earnings OF otheI
corporations, Jolnt-stoek companies OF
associations, or insurance companies
subject 70 the tax imposed by Sectlol
OF such ACT 9t Vetoper 'hlra, nl9c
teen hundred ana thrteen, shail De de
ducted ana, te) Tor the taXapie yea
upon the same OASIS anu In Inc sans sam
manner as pIoSlueu IN 'i!.e VI IN IN
act enti'ieu AN aIt W ineiea sh'
revenue, anu ior o!neI purposes aP
PIoseu 4epte.ipei 'elehtn, nlhe,esn nv.
uaeu anu s'X Zen aoueu oy I'm
ao'' eAseps tnaS She a'u .h I.an ~ -
~ ~. onr SPon ' ntLa go, =
ra at" s"o ~ 49, Saoo;o. o. az
o;ot;on,, Jun" ;os"ranoo d"mnnn;os 81
;oet =" Tho ,a~ ;mnos.d hI titIa T q,
SSUat W. W.. ny c.. Eth N -
bmndrad and Siyt.an shoii hn dadnote al
-, t-..EIs go,
NoIhlnal AhVeSIoo OapisaI -E
Sec. 200. That, IN addition to tn
taxes imposed by existing law and b.
this act, in case of a business or trad
having no invested capital or no
more than Il nominal invested capital
there shall be levied, assessed, and pait
in lieu of the tax imposed by this title
81 h.. -,