James Earl LAWSON

LAWSON, The Hon. James Earl, P.C., K.C.

Personal Data

Party
Conservative (1867-1942)
Constituency
York South (Ontario)
Birth Date
October 21, 1891
Deceased Date
May 13, 1950
Website
http://en.wikipedia.org/wiki/Earl_Lawson
PARLINFO
http://www.parl.gc.ca/parlinfo/Files/Parliamentarian.aspx?Item=4b5bfbee-1eba-427e-9bad-ddade84ad69e&Language=E&Section=ALL
Profession
barrister

Parliamentary Career

October 29, 1928 - May 30, 1930
CON
  York West (Ontario)
July 28, 1930 - August 14, 1935
CON
  York West (Ontario)
October 14, 1935 - January 25, 1940
CON
  York South (Ontario)
  • Minister of National Revenue (August 14, 1935 - October 22, 1935)

Most Recent Speeches (Page 5 of 253)


May 24, 1939

Mr. LAWSON:

We all agree with that.

At one o'clock the committee took recess.

The committee resumed at three o'clock.

Topic:   INCOME WAR TAX ACT
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May 24, 1939

Mr. LAWSON:

Wait a minute. They

cannot, for this reason. To. do that you would have to try to segregate that portion of the time of the four executives of the parent company which is devoted to the interests of the subsidiaries and then charge against the subsidiaries a proportion of their salary and have these men receive their salaries in fifty pieces, fifty cheques, from fifty subsidiaries. The thing is simply not reasonable or feasible, but for the purposes of operation of their subsidiaries it is essential to have these four officials in the head office. No matter how the minister exercises his discretion, if this subsection is passed the net result will be to triple taxation on a part of the earnings of the combined subsidiary and parent companies. I do not care how the discretion is exercised, that will be the result. The parent company has an income of, say, $100,000 from its subsidiaries, which is therefore non-taxable, and the parent company earns from its own operations, in exactly the same business as the subsidiaries, another $100,000 gross income. The parent company's expenses of operations are $80,000 a year, but included in this $80,000 are the salaries of four officials.

Topic:   INCOME WAR TAX ACT
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May 24, 1939

Mr. LAWSON:

I quite agree that under our present act that $100,000 could be paid out to a non-resident in salary and deducted as an expense of operation before the tax was received by the government, but I do not think that that is what happens in practice. In fact the non-resident-owned investment corporation pays the tax before paying out any money in the form of salaries.

Topic:   INCOME WAR TAX ACT
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May 24, 1939

Mr. LAWSON:

I am merely illustrating the impossibility of doing what the Minister of Finance suggests could be done in fairness to taxpayers; I say it cannot be done. The money has been paid, the books are closed, the returns have been made.

Topic:   INCOME WAR TAX ACT
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May 24, 1939

Mr. LAWSON:

To do what?

Topic:   INCOME WAR TAX ACT
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