Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-09-12
Washington Ticker
BY the Associated Press.

Nation can negotiate a general conven-
ton or separate agreements with the
leading foreign nations to eliminate in
ternational double taxation which has
been working a hardship on American
citizens and businesses located abroad.
AT present officials of the Commerce
and Treasury Departments, together
with taxation experts of several nom
governmental organizations, are making
an examination OF practical steps to
achieve this objective. Through their
study Of the problem they expect, ac-
cording to authoritative sources, to
formulate program of legislation
which probably will be submitted to the
regular session Of Congress next De-
cember.
Holland communicated informally to
the State Department a few days ago
on its willingness to enter into nego-
tiations with the United States on the
question. Great Britain, it Is under
stood in governmental circles, is ready
to receive overtureS from this Nation
and other countries on the formulation
OF agreement to eliminate harmful in
ternational double levies.
The study of the problem, according
to Government officials, has become a
matter Of interest in all the principal
nations and the movement to remove
the injurious levies apparently has
progressed nearer the stage of definite
international agreement than ever be-
fore. The most notable step has been
the formulation by a conference under
the auspices OF the League of Nations of
three model treaties suitable for adop-
ton by countries DESTROYS of preventing
double taxation. At a meeting of the
Leagues fiscal committee in October it
is expected that code embodying the
best features of the three model treaties
Will be formulated as the most desirable
plan to be adopted by the nations.
In the discussions by the American
Government officials four methods Of
agreement between nations on the
problem are being examined. One OF
the participating experts is Prof.
Thomas S. Adams of Yale University,
adviser of the joint congressional COM
mittee on internal revenue for the past
10 years. Prof. Adams, according to
governmental officials, is the author OF
one of the model treaties and as head
of the American section to the meeting
Of the International Chamber of Com
merce last July also took principal
part in the framing Of that body's res
olutions, which are considered a very
valuable outline Of injurious double
taxes.
The four methods Of solving interna-
tional double taxation now under dis
cussion by this Government, are: For
each nation to act individually in elm
mating undesirable levies; the United
States to enter into reciprocal agree
ment with another country; the utiliza-
ton of bi-lateral treaties to bring about
an agreement, and the negotiation OF q
general convention with all the leading
nations. The Government officials are
hopeful of securing the acquiescence of
another principal power to the formu-
lation OF a general convention. as this
would be the speediest and most eff
fective method of solution of the prob
lem. 1t is considered likely that any
legislative program on the subject Will
be incorporated in the next revenue act
taken up by Congress.
In a report on the question, the In
ternational Chamber of Commerce said
that "a consolidation of the three model
conventions into a unified, simple sys-
tenn, and the adoption of this unified
method by the principal industrial and
commercial countries would constitute
final elimination of double taxation -
The international chamber also rec
commended the converting of an inter-
national conference on the problem. and
Prof Adams and Fred w. Sargent
president of the Chicago g. Northwest
ern Railroad, have been delegated by
the Chamber of Commerce of the
United States to make representations
to President Hoover in behalf of this
proposal.
The United States already has
Cleaned its own house" in regard to
the imposition of double taxation upon
Americans living abroad or deriving
their income from foreign properties
according to NJ B. Carroll, chief of the
tax section of the Commerce Depart
ment's commercial law division. Under
the provisions Of the 1928 revenue act
Mr. Carroll said, the Treasury re-
nounced its tax in favor of the foreign
country, either through credit against
the American levy or absolute exemp-
ton in the case of income derived from
foreign industries or securities.
Americas fast-growing radio industry
will center its attention next week upon
the deliberations of the international
radio conference which opens at The
Hague on September 18. For the United
States the most urgent question before
the conference will be the ALLEGATION to
the nations of the short-wave radio ire
uuencies for international use. The
acute shortage of adequate channels on
the ast-diminishing radio spectrum is
a problem which all the nations fully
realize and they hope that The Hague
conference will work out solution
The conference, however, merely maps
out a program of recommendations Tor
the respective nations to adopt, al
though most of the previous confer
ences' proposals have been adopted by
the various governments.
At The Hague meeting for the first
| time in the history of aviation a com
| mercial expert in the field of aircraft
radio, Hugo c.. LeuteritZ, chief radio
engineer of the Pan-American Always
will be a delegate to an international
radio meeting He has been sent to the
| conference by the air transport opera
tors of the United States, as aviation
! radio is considered pressing problem
of the meeting.
Again the Treasury has demonstrated
| the high value American investors at
| tribute to Government securities. the
! $500, 000, 900 issue of Treasury certifi'
Gates of. indebtedness, opened Tor SUD-
scription last Friday and closed Mon
day night, was oversubscribed two times
| with a total of ST ,486, 600. 900.
| The flotation was instrumental in aid
| ing the Government to retire more than
! 5000. 900 900 of its outstanding inhibited
ness outright. OF the subscriptions
! S1O4, 249 900 worth of Treasury cert1fl-
Gates, maturing September Is, were re.
ceived In full payment and $500 ,000, DOC
of the 3ls per cent Treasury. notes, due
in 1882. were taken in part payment
The small investors, in accordance with
Secretary MELONS policy, received the
major share of the allotments OF the
subscriptions.
| Production of stone in the United
| States in 1928, exclusive of stone manu-
| featured into lime, cement and abrasive
materials or crushed into sand, amount.
ed to 133,869510 short tons, valued
at S196,820,697, according to report
by the United States Bureau OF Mines
This represents decrease Of 2 per cent