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Show UNCERTAIN ABOUT EXCESS PROFITS TAX Mining Mon and Financiers Are Awaiting Await-ing Explicit Instruction From Government Gov-ernment Authorities. In local mining and financial circles considerable speculation and discussion mav he heard regarding the method to ho pursued In collection and payment of excess ex-cess profits taxes. One Salt Lake mining min-ing man. whose operations extend over a. large area of territory, said yesterday that he had just noted the following in the current issue of the Boston Financial Finan-cial News: "Private wire reports are to the effect that the treasury department has decided de-cided not to collect the excess profits taxes on scheduled time next month, but will make a bookkeeping matter of it and allow the money to remain with the corporations. cor-porations. "This would probably mean that the companies would not be called upon for cash except as the government needs it and tho payments thus be extended over a long period. The advantages of this to both the companies and the community in general are apparent, as it would spread the payment of excess taxes to such an extent that those corporations which are not flush with cash would not find it necessary to borrow." While not pretending to speak with authority au-thority upon the question, the operators 1 referred to declared there was food for thought in the statement of the Boston publication. |