| Abstrakt: |
This article presents information regarding public finance in the U.S. A leading prominent in public affairs, a well-trained economist, and the very capable tax commissioner of the state make a balanced commission, and their report is correspondingly valuable, at once abreast of present science and pointedly attentive to the real condition and practical needs of the state. For the intelligent citizen of Connecticut and for the specialist in taxation the report is of great value throughout, While, naturally, the general scientific analysis is of rather narrow range, it is usually close and good, and it is clear everywhere. Notable illustrations are found in the brief general introduction and in the discussion of the taxation of insurance companies. Even higher merit, however, must be assigned to the report ,for its elaborate historical and descriptive account of Connecticut's corporation taxes, its criticism of their working, and its suggestions of change. General banking and trust companies and stock insurance companies, all, especially the last, very important in Connecticut, are now taxed upon the market values of their shares, and for all these the commission proposes merely the substitution of book values for market values. |
