Page
THE CHINA MAIL, WEDNESDAY, JANUARY 20, 1954.
KING'S PRINCESS Tax Cuts
}
AT 2.30, 5.15, 7.20
3
& 9.30 P.M.
AT 2.30, 5.30, 7.30
& 9.30 P.M.
. OPENS TO-DAY.
Charity
Before
"BARADA 127- CINÁTER ČELSON
KIRAFIONER JESI 4545/
meríormare al 9.30 6.m. In auf NT JAMES SETTLEMENT
CAPITOL
On Foreign
Earnings Urged In US
TO RAISE FLOW OF CAPITAL ABROAD
Washington, Jan. 19.
As a means of increasing the flow of capital abroad, the United States Chamber of Commerce recommended today a 50 per cent slash in fncome taxes paid by United States corporations on their foreign earnings.
It proposed also, in a series of recommenda- tions, that double taxation on dividends of United
LIBERTY States corporate subsidiaries operating in foreign
Tel: 135istar noma or HotoGoday foyer PICTUNĚK
CAPITOL TOWN HOORING OFFICE: Wing Bong firm, Hong Kong Hotel, Queen's Road, C.
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ON PANORAMIC SCREEN
MAY
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RALPH MEEKER
ELAINE STEWART
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KEENAN WINN ROBERT HORTON
JAMES CRAIG
ROXV & BROADWAY
countries be eliminated and that overseas invest- ments be amortised over a Tel: 30333
five-year period for tax purposes.
The study was made for the Chamber of Com- merce by the Stanford University Research Institute.
T Chamber estimated that would also increase the profit- these tax concesions would cost ability of foreign investment. The Treasury less than $75,000,000 "Their effort would be to give a year in lost revenue.
foreign laws precedence over United States laws In tax cases would seemi To he ດ of this nature. To give full for all foreign taxes eredit the tromater 16 would be undesirabic brense private investment of arty sub-2 would ht tantamount to stantial part of the burden of permitting forelim countries to foreign aid which has averaged collect taxes on wholly tinited more than $5,000,000,000 annual- States income in some cases," ly since 1948, and to correct in- United Press. equites in present fax policy by elumination of double taxa- tion." the study
Greater that "WANHOE"}}
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She J BETUR RANK ORGANISATION presen
GENE TIERNEY LEO GENN
Personal Affair
PAMELA IRONS
WALTER FIERCENALT
LESLEY PO
GLYNIS JOHNS
Birested 1 ANTUNNY PETSAstra Testwick By Antáry KátASTLEDEN
אנואו.
umulati
Pemim 15) pay for
The 80-page Stanford study [examined reasons why private capital has not been invested in larger anwunts in foreign coun- tries and concluded that exist- ing lux burriers are the most important factors--more serious obstacles than fear of war und
trade expropriation or tions.
the
CONSIDERING DIVORCE
Caron.
dancing
"Music Hath Charms..."
For
The Big Four?
Berlin, Jan. 19. The East Berlin authorities have planned a spectat cul- tural programme during the meetings of the four-power foreign ministers here, it was learned today.
The famous choir of St. Thomas' church in Leipzig will visit the city as well za symphony orchestras from Leipzig and Dresdon.
1) was also understood that Sovjet ballerinas and dancers of the Patin Opera would perform in the clly during the senutom of the conference.
Meanwhile,
It was announced in West Berlin that pro- grammes and shows would go on as ustal bat that no special events would be featured.
On the day after the conference is due to open, the well- known French kotor, Marcel Marceau, will start in West Berlin ** series of performisanoes that will take him through West
Germany---France-Fresno,
Pakistan, USA Sign 5 Agreements For
Development
National
Karachi, Jan. 19.
The Pakistan Government tonight announced the signing of five agreements with the United States Foreign Operations Administration for financing na- tional development.
Under the agreements, the United Staten agrees to aid new projects and to increase its contribution to development schemes alrendy receiving assistance.
Under the Ave agreements, | established by its Investigator, the United States agrees to: Sir Owen Dixon, that Pakistan 18 the aggressor-France-
1
Back a general develop-Presse.
LA-
mout plan In the Chittagong ares of East Pakistan by e- tributing $750,000 to finance the mervices of un American gteering m. The firm will propue detailex! desiges Erd Specifications and supervise construction work.
tracts
on
the
the Leslie Castern border.
muxi fow
US Training
Equipment For Spain
Hollywood, Jan. 18. George A. Hormel 11, heir to a meet packing fortune, tonight confirmed that he had conferred 2. Continue to aid the deve-
of remtric with his lawyer over the possi-lopment
the unexplored bility of bringing ॥ divorce forest wealth in the Chittagong It examined various remedies potion guinst his wife,
Pakistan and proposer!
following French
Madrid, Jan. 19. The United An Amerleun aireraft from seven-point plan:
States, after providing $300.000 Germany arrived at Borajos (1) "The net (axable income Homol sold be dismissed the for this work last year, is now airport today with the first of Unilesh Striks corporatione situ.tion with attorney Bentley to give a further $100,000. derived
consignment of training equip- from
operations of Harris and unless he changed his
3. Intense her contrinitionment for the Spanish jet pliats 'permanent establish-sa ho planEI 199 Alu fui
under the would be subject to divos within the
to the construction of a fertiliser school
Spanish- Umted States corpente income days.
factory at Duad Khel In the American military agreements. Taxi at rale cqurd to 50 per
He sakti he had a showdown
Punjab. America will give
The plane to be followed by cen't of the prevailing northal with his wife in New York - $3,300,000 this year, bringing the another one, took off ogain and surlax
1 it appeared their total contribution to the project Talavera, where 1,500-yard rule applicable to conta tekenstic) czaporate incont. reanance may be
to $10,500,000. Work is already runway has already been built. An caul.--. (2) "Income taxes, and laxes
United Prese.
well under way and the plant Ja luter training stages, six Jet will eventually they of income taxes, pate to
produce 50,000 planes are expected to arrive in 5. gnuntries, could contour
tons of amnionium sulphate an-Spain from America, and a group to be taken un
of Spanish " tax
pilots are expected to credit/ against United States taxes.
$4,000,000 go to the United States. worth of chemical fetiliser, for It is thought that five German ung on the 1953/54 winter crop companies will help Im building and the 1854 spring crop, to im-the novel and air bries to be prave yields. Pakistan has al-teased to America: P. H. Holman, 50,000 tons of Weiss and Freytag. Gruen and
DIVIDENDS
(a) "Dividends paid by do- mestie corporal ons from foreign
hing of permanent Est; b. the ments abroad would not be in- cluded in the taxable income of the American corporations reiving such dividends.
and
مالية
Secret Meeting
Proposal
Panmunjom, Jan. 30.
Provide for
for
The United Nations negotia-ready imported toe. Edwin Martin, urged the fertiliser and another 15,000 ET, Julius Borge cod
Communists today sceret
to cent
to reopen In attempts
a Korean
tons are to be imported shortly. Dycicerhaff, and Wijtman. Those 5. To continue to grant dol-iconpanies work in close col- preliminary nogotiations tones for a plant protection pro-laboration with rearrange
J. Brower of peace con- Ject, aimed at encouraging the New York-France-Presse. ference. rate indicated above would apply munists, however, that the Alles rice and cotton peas Operations To Naples From
Mr Marlin warned the Com- and insecticides against locusts Is There Any Danger
general use of modern methods
(4) "The lower United States
ta dividends paid by forelyn corporations to United Sinies corporations, provided the latter owned 10 per cent or more of the voting stock of the furelun corporations,
(5) "United States taxes on afl foreign income of United States branches operating in foreign countries would ferred until the Income nutted to the home office in the United States.
be de- is re-
22
United
States
would not back down from their diseases. The Foreign
demand that Bed charges of Administration is to grant $300 US Atom Materials?
American treachery be stricken 000 this year for this work. from the record before the pre-Reuter. liminary talks are renamedi.
Mr Martin
opened today's
liaison offers meeting U.S. Aid Would Be
Threat To Peace
.m.United Press.
US Army Secretary
In Korea
ta
The United
tox
Naples, Jan, 19. The Municipal Council
of
Naples tonight adopted a re-
that the city would be in no
solution calling for assurances
materials danger from atomic that might be
the stored by Kalyani, Bengal, Jan. 19.
the American authorities The Indian Congress Party naval bases here. belleves that Ameriem military
were
ut
(6). "New investment
Seoul, Jan. 19.
At the same time, the Council physical assets in a permanent
ild to Pakistan would threaten turned down a resolution, ask- States Army establishment abroad could be Secretary,
Mr Robert Stevens, Peace and upset the balance of ing for the departure of Amer]- amortised over
five-year arrived here tonight for a short Power in Asia, ncccrding to the can naval forces stationed here.
report crafted by the party's Both period for
tour of this theatre.
rezolutions
intro- purposes.
He was met at an airfield near genral secretariat) released to- duced by 85-year-old former (1) The Congress should Seoul by the allied supreme day.
Italian Senator Arturo Labriola, ADDED! "FOR YOUR ENTERTAINMENT" (ROXY: No. 4, make clear that this tax
The report is to be prented a Socialist who is now a mem In commander, General John Hull, in Коген BROADWAY: No. 31, The Entertainments to
10 the party's 50th on an inspec-
annual ber of the Municipal Counci).— centive programme plan is not presently Everyone's Liking,
fatended to be of limited duration tour of preparations for thelon opening here next Satur- France-Presse, tion."
"come back operation", in which day. The report said: "The the United Nations will receive appearance of a mighty power 50 P.C. CUT
22,000 anti-Communist prisoners like the United States on the delivered by the Indian custodian Discussing the proposed 50 lerres-France-Press. рег cent gut Ar Income tax
At Usual Prices of Admission: $3.50, $2.40 & $1.50 ཡ6fl“lent;f=lef=llel-f“t-t་མl=+nfཡི་“་མི་མ}མ་ཡ་ཁ}-lulf ★ OPENS TO-MORROW ★
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rates on foreign-produced in-
comme
the Stanford study said: Appointment For "Adoption of this plan would not Admiral Clifford produce an increase in the pro-
fitability of all foreign invest
foreign tax
London, Jan. 19.
stem herizon amidst peaceful countries in the role of a military supporter ihreatened the peace
переду
continued:
The
EMPIRE MAJESTIC)
military pact between america | FINAL SHOWING TO-DAY and Pakistan is calculated to up-At 2.30, 5.30,: At 2.30, 5.15, ret the balance of power in Asta 7.30 & 9.30; 7.20 & 9.30
p.m.
and friendler
at a time when India is coming ment. As long as
The Admiralty announced to closer to deeper rates are as high as the United night that Rear-Admiral EG.A. | understandjug with Pakistani States rate, the profitability of Clifford, former second in com- Doubts and dangers are raised foreign investment would gen-mart, For East Station, had by the unfcitunate pact, und erally remain unchanged.
nominated
Deputy much good work is undone by "However, changes that might | Chief of the Naval Staff.
this hasty stroke which the world made in present United Rear-Admiral Clifford former-may one day regret". States tax laws and their inter-ly commanded British Common- Referring to Kashmir, the pretation to reduce the burdens wealth naval forces operating in rupart accused
United the
041
been
*J
of International double taxation Korean waters.-France-Pressc. Nations of "Ignoring the fact
Over the line
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