Collections

Big Corporation’s Rule

It is apparent, therefore, that the proposal of the President in addition to producing additional revenue involves a redistribution of the corporation-tax burden by which 95 percent of all corporations obtain some tax relief, and about 5 percent, consisting of the largest corporations, would sustain an additional burden. Such a shifting of the burden would produce desirable results from many standpoints.

Address before the Beaver County Bar Association

In these times when each professional and business group seeks to learn where it is going, none surveys its future with more anxiety than does the bar. Our ancient profession has survived many social and economic overturns and will doubtless survive more, but the trend of the profession is disturbing its more thoughtful members.

Equity in the Administration of Federal Taxes

Of the legal relations upon which the corporate and individual clients must seek advice, none is more vexing than those created by the tax laws of local, state and national governments. Lawyers can no longer remain aloof from the tax problem as one that is trivial, nor can they abandon the problem as an accounting problem, nor can the corporation or family adviser turn it over as an independent and disconnected problem for the specialist. Taxation is not a separate problem but is interwoven with every problem or relationship that involves acquisition or disposition of property.

The Liberty League and the Constitution

Under the sponsorship of the "American Liberty League", James M. Beck lately lectured the Bar, by radio and by pamphlet, on "The Duty of the Lawyer in the Present Crisis". His speech was an indiscriminating attack upon the legal advisers of this Administration, and the duty which he urged upon all lawyers was, "We must defeat the sappers and miners of the New Deal, who are insidiously undermining the very foundations of the Constitution".

Rich Get Richer

As the figures of tax collections have become available, it has become apparent that the present administration inherited in 1933 a tax structure that, in terms of making that burden proportionate to ability to pay, had become out of balance even by the standards adopted during the preceding administration....

Are We Going Broke? A Debate of National Finances (America Has Only Scratched Her Resources)

Of course no thrifty-minded person views an increase of the public debt with satisfaction, and no sensible official favors spending public funds to a greater extent than conditions imperatively require. It is equally true that no influential person should disregard or discount the factors in the present situation which give reason for confidence in our present national financial soundness and stability.

Interest of the Department of Justice in Section 77B

The successful operation of the recently enacted corporation reorganization provisions of the Bankruptcy Act is a matter of interest and concern to the Department of Justice as well as to all other agencies interested in the proper administration of justice. The hopes held out by these sections that speedy, inexpensive and reasonably equitable reorganization of embarrassed corporations shall be possible is in the hands of the bench and bar.

Is Landon Constitutional?

The constitutional issue, which threatened at the beginning of the campaign to be of major importance, was for a time evidently recognized as a hot potato by both sides and was generally ignored In his last few speeches, however, Governor Landon has again, perhaps rashly, brought the issue into the limelight. Particularly in his Detroit speech on October 13 the Republican candidate devoted most of his remarks to criticism of what he called President Roosevelt's usurpation of legislative power, and of his readiness to ignore or to defy the power of the courts.

People’s Business

Mr. Edward E. Loomis, who wrote on "Taxes and Labor" in the December FORUM, dislikes taxes- apparently all taxes. Emotionally, I am in sympathy with him. From childhood we hear about death and taxes as the twin evils all must face. Nearly all revolutions have been contributed to by a hatred of taxation.

The Proposed Revision of Corporate Taxes

The honor and pleasure of speaking to the Young Democratic Club leads me to put aside the temptation to make the usual political speech and instead to present my personal views of President Roosevelt's proposed revision of the Federal tax on corporations. It is a living and important subject upon which there is much public confusion and not a little loose talking.