Show NEW NEN TAX OF ONE PER CENT ON men neI an dIscussing the I n new w corporation tax It is that tIit many contemplated Incorporation papers papers have been thrown to one side I thc past row few mouths months and Instead ot of resorting io I o organizations there will bo be more WOlO private firms or partnerships The objections mado to the corpora lion tax Is 1 that It exempts from taxa Ll thin l a corporatIon doIng a large bust busl SS whIch which does docs not show profits while subjecting to taxation It Its rival rhal doing with like hike capital nod and under exactly similar conditions but od on Itt its expense side in such I way way as to the set settIng ling asIde of oft t p of the gross earnings In the Ot or dividends or net Profits The laking out or of net pi under such cIrcumstances is 18 purely I a matter of polIcy and choIce A well ell corporation man Illustrates the tho poInt Ono dl dry goods store storo may de tide clde as a matter of policy for several yera yc rs to cover back ack all lt receIpts In various such as ad adver r expenses while hU Its rival rhal for or of Its own prefers to tomake T make and smaller and to IH hay den upon hare of oC stock fin Iho ono one l I as able abl to par ljay taxes K as aM the other othor The only basis for U a r taxation 11 of on t upon i showing of their 9 condItion Is upon th their lr J gross What tho ho that gro groH In Iho ho wa way of fixed and so flO on onh onis h is a matter for them to decide |