Show Mining Congress Tax Ta Data Is Questioned Vigorous objection has been voiced by Ravenel Macbeth secretary of the Idaho Mining liming association to mine taxa- taxa tol statistics recently made public by bythe bythe the American Mining congress The figures figures fig fig- ures are contained In a a report OR on 01 discovery discovery discovery dis dis- covery depletion prepared by Paul Armitage Ar- Ar of or New Nev York ch chairman of the A. A 21 M. C. C general enral tax committee McK lIcK W W. Kreigh chief of the tax division and E. E T T. Cummins consulting engineer The Armitage report recited that per cent of or Ih ilsO net Income of ot the minIng mining min mm- ing log Industry as a whole Including met met- nm aln als oil 01 and coal cal caI Is paid to the state and federal governments In taxes f Ot Of this amount 2207 2201 per cent represents federal taxation and per cent other taxes Date Data Data was wa added Indicating that the profits of or the Industry as ae a whole after tax taxes s are paid amounts to 19 1 of 1 per pr cent of the gross Income This report Mr Macbeth writes does a great Injustice to the nonferrous nonferrous non fer rous metal mining Industry by IncludIng Including ing tha lisa Industry under the head of oC metals metal If I If It were true that the non-ferrous non metal metal mining Industry only paid a net list profit amounting to 19 of 1 per percent percent percent cent of Its gross receipts what inducement Induce Induce- ment may I ask would there be to the mining Investor to purchase the stock of or companies mining such metals Would you purchase stock In these companies I will ivill wi say not slot The widespread publicity given to tn this report wi will I fear rear make It difficult to raise the capital we so badly need to develop our nur ferrous ferrous metal resources I z am not In a position to controvert the statement with wih respect to metals metal coal and oil oi but am In position to say Bay that the report with wih respect to the nonferrous nonferrous nonferrous non- non ferrous metal mining Industry Is abao absolutely absolutely Incorrect This letter U Is written at the request requestor or of the officials of vf a number of ot companies companies companies compa compa- nies operating In this Boise section who are engaged In raising funds to de develop develop do- do their properties Similar objections were voiced at a recent meeting of f the Northwest Mining association at which It was declared the leading statistics were both Inaccurate and misleading mis |