Deseret Evening News | 1906-08-29 | Page 8 | Referee Cleveland's Decision

it I I New Sw York AUR Aug Au Former ProM President dent Cleveland lisa hat Just rendered a 11 de damn an as a referee In a case submitted to him by b Nn Nu York Life Insurance e the Mutual Life Insurance and tiff tl Life Assurance So go I mt nf ot the l States In the thc mat Int matter I Ift ter ft of qt u deductions deduction from premiums upon l l rles Issued In Britain The tax la a low law III of nf under the Interpretation given to 10 It II by b the tbt I In ns nah Ush courts MUrII allows tines thone wn who are arc sub sob subject Jert to the payment of this tax lax to de deduct duel duct from lenin their taxable Incomes the Ihl amount amt paid IUd by b them C or premiums on life fl policies Issued luned by b Eng huh Ush but the th law hoe has not nol been heen to 10 permit I such deduc tinne on account alMU II I of paid to tn other than companies aol and It ithee hc hee been n the Ih custom of certain Amen r 1111 n to tn refund this tax Mr Ir t U lu I that this run can cannot Rh not he III done hereafter and that thata a 1 of It t const K II rhut under un the new II Armstrong law 14 Mr decision takes effect at III n e C and aDd under It the Am cora corar m r panics will mil not lint hereafter refund the tile Income tax Ur