Eastern Utah Advocate | 1901-09-05 | Page 1 | Double Taxation of Bank Dividends Not Intended

double taxation of uric dividends hot not latr adMi the comptroller of the treasury bai has rendered a clecia loo regarding the question of a duplicate tax on bank dividends ID in this case a certain banic bank owned stock in and nd received dividends from everal several other banks these banks bad had paid the tax on the dividends de do cla alired redby by them aad and the question la in tolled was whether the original back bould should be required to pay a it tax OB on that part bartot of its income which it received rece tred in dividends from the tb other barka the comptroller bold holds tbt that it wa was not the of congress to ases asses a auppl cate mateuz tax upon the th ime same identical income or profits