Show i I INTEREST SHOWN BY FINANCIERS f New Corporation Tax Draws Much Comment from Peo People pIe of Utah I I I RECEIPT OF BLANKS CREATES CONJECTURE O den compare Together r With All Others Othera of Country Compelled Com I t tC tG Reveal Facts j U l I Business firms Onus banks bonks insurance and mining companies in Sn fact all forms of or commercial activity in 10 the tho form of o J 1 corporations here hare are are greatly inter interested InterI interested I I ested in ii the tho blank forms which have havo been received this week from the theoffice I I office of the collector of o Internal rove roe revenue I nue flue for the State Stale of Utah On them I II I j some Borne time lime during the next ninety I days will be placed d the information I Bought by b Uncle Sam which Is to de determine deI I termine the amount of corporation tax I i which they are to pay par to tho the govern government j f ment This information when it is ISs aunt aint s nt to the office of the collector of i i Internal revenue for the tho state will Rill j 1 I then be transmitted to Washington j It U will there be passed upon and re ro rei recorded i l corded by the commissioner of inter internal II nal revenue who will file le all the re reports Ii 11 j ports so that they tho may mar thereafter be beI I accessible to the public People will wUl willi i 1 thou then know what h l Ogden big stores stoics 1 and banks bonks are earning I The private life aa as a It were of more 1 than corporations In the I United States will wUl thus thUR be placed on onI exhibition at Washington for the edi edification I I of the tb people p of the United States and for that matter of the I world And tho the strange thing about I it IB Is II that while the Inner life of oC the I I i corporations IB Is made public partner chip ship concerns may mar pursue tho thu oven tenor of their war way undisturbed by b I this thia new ne edict of the government which hat ban raised rJ sed such uch f a hue and cry en enI I In the world I Penalty for Delinquents I Although the work of ot mailing the I blank form to more than cor corporations corr I Orations in the tho of Utah was 1 r I completed on Wednesday by tho the I staff dart of tho Internal revenue collector I f I I it IB Ig j that some may mR have hac boon ml Tho The names of the firms were wore taken from the of J I tat B office but should any lin firm be missed they Uey would not be excused if It they thoy failed to report on the tho dato date sot Mt I which h is 18 March 1 at nt the latest and the tho fine of ot 1000 for failure to com corn comply I ply with the ho law would be tho the penalty t agOst a t thorn Just the Rame innie as If they the il had h ad received due notice pt pf the tho law hw IB is no excuse e and if thero thoro I are 5 any corporations in the tho state who whoN whoN N I have h a e failed to g get t tho the blanks referred N to above they the had bettor notify tho the Ii of Internal revenue at aL once I Thin Thi law which is designated an ex ox exI I cUe cl e Uz lax on corporations stock Block com corn companies associations and companies was pawed passed by h congress r August 5 fi of the present year ye A All Iff 1 pamphlet of regulations was as issued from tho the commissioners office t Washington Washinton under date dalo of ot Dec Dc 3 In this booklet are explained many of the details of the law Ia BO so that officers of or the corporations as fUI well wella wellan ax an a tb the accounting force maj may know kno just Juat what Is IB required by b the depart department mont ment mentIn mantIn montIn In spite of the high authority which has made mado the edict which is filling the business men of or the tho country with con consternation consternation consternation and in some cases with In Indignation many defects detects In the scheme are pointed out Its legality and con constitutionality constitutionality are ore disputed and the ex expert expert expert pert accountants of o the country coun rj bold boldly boldy boldly ly y stole state that the provisions ns of the law In violate lol te all the accepted principles of sound accounting |