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Charleston Gazette in Charleston, West Virginia

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Newspaper

Charleston Gazette

Location

Charleston, West Virginia, United States of America

Date

Jun 18, 1971

Page

2

Tax Depreciation Rules Expanded To Aid Overseas Firms

The Treasury plans broader tax depreciation rules that will likely include foreign branches of U S companies and firms operating domestically. Banks oil and mining firms with overseas branches are named as beneficiaries with an estimated annual revenue loss near 100 million dollars, adding to an original 83 billion tax cut. President Nixon directed faster write offs to shorten depreciation periods by 20 percent, aiming to defer taxes through accelerated deductions. The Charleston Gazette.

Washington Treasury U. S Nixon Charleston W. Va Democratic News Bally_ Gazette Company Virginia Sunday Gazette Carrer Sanayi TL Orpher Charleston Gazette Carri PIA Virginia St

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