| Show proposition OF AN INSURANCE CO wants to avoid placing war stamps on instruments issued by it washington sept 9 acting commus missioner ioner wilson of the revenue office has addressed to a travelers insurance company a letter de deciding eiding a number ot of interesting points which have come in connection with alt their business as affected by the war revenue act in this letter the antiza commissioner says in in part in construing the act it anat be done with perfect impartiality the government revenues must first be protected while to grant the conces B that have been asked for your cw copany pany and others writing similar in s i rance might not result in bringing ingine br ia ji leee lees revenue yet the form of return that you ask tor for would be repugnant to t ID ie provisions relating re IaUn to the manner of clestin clec tin revenue lustan instanced ced by you the luw law specifically provides how the he lavenue shall be raised in these instances it is by stamps bought at fixed and arid cancelled tle instrument that is taxed should carry with it the evidence of the compliance with the law and you have asked this office to allow you to make reports ai at e matej periods and remit therewith the amount of ecamp taxes required upon the instruments issued by you instead of stamping these instruments besaga of the trifling amount 0 the premium in each case i e railroad ticket insurance policies issued with the sale of doods etc etca it would be extremely difficult anil and burdensome to stamp each and every in on oa issue this office ia is ot of the op opinion inin and eo holds that this concession asked viz A report at th en jot specific paroda cannot be granted where the instrument is subject to def dennite laite tax that can be determined at its issue must have affixed and cancelled the stamp that the law requires be it large or email small thin this decision is reached ader after giving ivin the subject careful consideration in reference to the multitudinous effect that a contrary decision might produce |
