X
- 8
23
no returns had yet been rendered in respect of 1947/48. It
is certain that many of these cases of apparent default are
merely the result of duplication of files due to differences
in the translation of firm names. Such lđuplications are con-
tinually coming to light. Others in this total who are not
necessarily defaulters are some hundreds who have only recently
been recorded by the department, over 2,000 new files having
been opened in the last three months of the year. In at least
700 of these cases returns were not due to be received until
after 31st March, 1948. It cannot be denied, however, that
cases of actual default have takentplace, although default is
by no means always deliberate. Broppietors of junks, for
example, may not visit the Colony for long periods. Other
cases are belived to be small businesses which have closed
down.
20.
In the remaining 17,699 cases returns have been
rendered. The preliminary scrutiny of 9,250 of these returns
had been completed by 31st March, 1948, whilst 8,449 were
still under correspondence. Of those scrutinised, 816 cases
were found to be definitely exempt, by reason of confirmed
losses, non-trading, operation only outside the Colony or
other causes. The remaining 8,434 were listed for more
detailed examination and assessment in due course. The total
profits returned in these cases amounted to $196,196,982,
made up as follows :-
730 returns $102,879,150 93,317,832
Corporations Businesses -7704
懵
8434
#1
$196,196,982
the average profits being:
Corporations Businesses
$140,930 12,113
21. of the cases listed for assessment 946 cases were
actually assessed, although in a number of cases assessment
was provisional only and made at the request of taxpayers who
were anxious to discharge their liability as soon as possible.
Included in this total are a number of instances in which the