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Considers Treasury Dept proposal to eliminate accelerated depreciation of real estate and tax as straight income proceeds from sales above depreciated amount.
The demand for oil to light and lubricate the industrial world changed the face of much of the planet. Newfoundland was part of this widespread transformation as migratory cod fishermen settled here in the early 1800s in order to hunt seals in late winter and early spring. The seal fishery brought prosperity and growth and shaped this new society, but seal hunters and their families paid a heavy human cost in lives lost and suffering experienced. The traditional oil industries were doomed with the discovery of mineral oils and the ha essing of electricity, and Newfoundland-along with other societies-faced painful adjustments while searching for alte ative industries. However while its place ...
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Hearing includes. a. "Report on Corporate Distributions and Adjustments," by Advisory Group on Subchapter C of the Internal Revenue Code, Dec. 24, 1957 (p. 2491-2574). b. "Revised First Report on Estates, Trusts, Beneficiaries, and Decedents," by Advisory Group on Subchapter J of the Internal Revenue Code, Nov. 22, 1957 (p. 2693-2757). c. "Legislative Recommendations," by section on taxation, ABA, 1957 (p. 2827-2897). d. "Recommendations for Amendments to the Internal Revenue Code," by American Institute for Certified Public Accountants, committee on taxation, Feb. 3, 1958 (p. 2901-2950).
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