COMPARED WITH ENGLAND
Pinchot, Amos
Compared With England By Amos Pinchot. It will not satisfy the public for congressmen to point out that England advanced her taxation of profits and incomes gradually, and to argue from this that...
...1915 and 1913, during which they have paid large dividends, increased their plants, paid off most of the cost of such increase and rolled up immense surpluses...
...In reality, our corporations are far bettor able to pay an 80 per cent war profits tax today than the English corporations are, from the very fact that the former have had immunity from war taxation in two enormously profitable years...
...Men of intelligence will not swallow it, for in it there is not even a thin shaving of truth between the thick layers of unsound special pleading...
...It will not satisfy the public for congressmen to point out that England advanced her taxation of profits and incomes gradually, and to argue from this that America must be careful not to kill business by levying heavy taxes in the lirst year cf our war...
...This argument is so obviously false that one is surprised at its constant repetition...
Vol. 9 • November 1917 • No. 11
