Proceedings of the Annual Conference on Taxation Held Under the Auspices of the National Tax Association Volume 13

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated.1921 Excerpt: ... FIFTH SESSION Wednesday Morning, September 8, 1920 Chairman Haugen: Gentlemen, we will come to order. The first subject on the program this morning is the round table discussion on federal taxation problems. We all appreciate the difficulty of getting a full comprehension of the federal income tax law. Any man who understands the federal income tax is not only a student and scholar, but he must be somewhat of a genius. We are fortunate in having with us this morning a man who has given especial study to the federal income tax law, and he has written a work on that subject. The work is known as Holmes, on Federal Taxation, and I have the pleasure of introducing to you Mr. Holmes. Mr. Holmes will preside during this discussion. George E. Holmes, presiding. Chairman Holmes: Gentlemen, we will attempt to cover this morning in a somewhat limited period of time, because of the trip planned for this afternoon, a very wide field of taxation, and it will therefore be necessary to proceed with all promptness and speed to cover the several papers, and the numerous discussions that will follow those papers. The papers on the program are three in number, and in addition we will hear from Mr. Meyer Rothschild, with respect to a sales tax or turn-over tax, after which the meeting will be opened to general discussion. The first paper on the program is by Mr. Hugh Satterlee, who was formerly an assistant in the Treasury Department, and who is largely responsible for the splendid form in which that famous document Rules and Regulations No. 45 finally appeared--Mr. Satterlee. Hugh Satterlee, Of New York: Mr. Chairman and gentlemen: Seventeen years ago I came to Utah for two years to take charge of the work of building the Utah Independent Telephone Company. Since then the I...