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Show GOVERNMENT WILL LOSE $1,000,000,000 ON INCOME TAXES WASHINGTON', Keb. 17. Enor-moua Enor-moua Income tax losses to th government will result from the treasury department ruling allowing allow-ing reductions for losses of Intangible In-tangible assets. Including "good will," the senate waa told yesterday yes-terday by Senator. Frelinghuyaen (Rep), New Jersey, and Senator Kmoot (Rep), Utah. ' The Utah aenator estimated the loss at (1,000.000,000 annually., but Senator Krellnghuysen said the total would rim from 12,000.- 000,001) to 14.000.000.000 and that the principal losxes were being charged off by liquor dealers i brewers, wholesalers snd others, ss a result of the prohibition laws. |