Show EVASION OF TAXES SEEN Congressman Con Charges C 11 a r g c s Holding Companies With Illegal Acts WASHINGTON Nov 12 Dy By By The Associated Press The Press The Joint con- con g committee e on International al at revenue taxation approved today with only a a. single exception upward of two to score recommendations sub sub- submitted submitted submitted by its advisory board for In administration of the nations nation's revenue statutes It ordered a favorable report on the proposed changes tendered to the house houss ways was and mc means mean ns com com- committee committee the first of the week along with the th recommendation that they be enacted Into law by congress The Joint body failed to agree on i a a. proposal to modify section OO of the revenue law which deals with the the- taxing of corporations and ordered this proposal submitted without Representative th e Green of of Ion Iowa a who heads both committees said that it v as Impossible to obtain unanimity unanImity unanimity mity of opinion on oss the proposed prop sed change although he favored its re revisions re- re visions He said he believed b there was a large evasion e of taxes by holding companies under this act- act actIon Ion As As the matter now stands he added I I think the section should be made definite and certain and obligatory to enforcement This section Imposes a a. tax X of or 50 per cent on the net Income of a corporation which permits its gains and profits to tu accumulate for the purpose of preventing the Imposition of the surtax upon Its 11 stock holders and the Joint committees committee's advisory board reported that enforcement of the section is obscure and difficult of administration It vas was reported that a simple Income tax law for complex busi busI- business busIness ness appeared almost out of the question but that it was felt that some degree of simplification could be attained One of the recommendations recommendations along this line was for consolidation of the 64 offices 01 of the collector of internal In revenue anc and the 36 offices s of revenue re agents Into a total of approximately sixty of offices ot- ot |