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Show TAX SHIFTED FROM METAL PRODUCERS j Eevenue Bill Now Places Burden on Kcfiners and Brokers Selling Product. Special to The Tribune. WASHINGTON. Aug. 16. As the amended Kit chin revenue bill was reported re-ported to the senate today, the proposed house copper tax is eliminated, and in lieu thereof a tax of o per cent is levied on the net profits of corporations "selling' "sell-ing' to or manufacturing; for" any munitions muni-tions corporation any material entering into the manufacture of munitions. As this provision now stands, it probably prob-ably Will exempt the copper, lead and zinc producers of the west from special taxation, for the reason that they do not, as a rule, sell to manufacturers now engaged en-gaged in the munitions business, but sell to refiners, brokers and middlemen. As the substitute for the house copper tax wis first perfected by the finance committee, it would have taxed the Montana, Mon-tana, I tan and other copper producers, though less heavily than the house bill, but Senator Myers, in collaboration with Senator Pittman of' Nevada. had the phraseology changed so that the 5 per cent tax will apply to producers when the copper or o tlier material is sold to the mu n it ions manufacturer. The copper tax. undr this provision, is shifted from the producer to the refiner and metal broker who sell directly to munition manufacturers. |