Show UTAH CLAIMS TAX EVASION State St te Board Charges Firm Organized to 10 Avoid Mine Levy Charging that formation of the National National Na Na- Ore Purchasing company is a device to avoid payment nt of the net proceeds tax ax on mines by the Bluestone Bluestone Blue Blue- stone Mine and Quartzite company the state stat tax commission Saturday fixed the assessed valuation of the Bluestone company on net profits of the National Ore Purchasing com corn pany any The action followed an m investigation tion by an auditor of the commission I which revealed that while the Bluestone Blue Blue- stone company showed a loss of 30 during 1933 the National Ore Purchasing company with officers officer Identical to the mining company compan made a profit of ol It was explained by the commission commission commis commis- sion that the National Ore PurchasIng Purchasing ing company which is not a mining company and consequently does not have to file a statement but merely pays fran franchise hise hie and income taxes purchased purchased purchased pur pur- chased ore from the Bluestone company com corn pany at a l low w rate then sold it to the smelters at current market mark t prices We consider the organization of the National l Ore Purchasing company com corn pany to buy ore from the Bluestone Mine and Quartzite company nothing but a device to avoid payment of the thenet thenet thenet net proceeds tax on mines said Chairman George A. A Critchlow of the commission Therefore we arc fixing the tax basis for or or the Bluestone property on three times Umes the profit as shown by bythe bythe bythe the National Ore Purchasing com corn company pany This totals to which will vili be added real estate tax and f for r machinery and improvements improve Improve- m ments The commission sent sent-an auditor to Investigate the company after George GeorgeW W W. Snyder president filed a report on February 13 showing a loss Joss of for 1933 The mine is located near Bauer Tooele count county |