Valuation, depreciation and the rate base

Bibliographic data

Monograph

Identifikator:: 174667931X

URN:: urn:nbn:de:zbw-retromon-119897

Document type:: Monograph

Author:: Grunsky, Carl Ewald http://d-nb.info/gnd/10180959X

Title:: Valuation, depreciation and the rate base

Edition:: 2. ed., revised and extended

Place of publication:: New York

Publisher:: Wiley

Year of publication:: 1927

Scope:: X, 500 Seiten

Digitisation:: 2021

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter XIII. The valuation of mines and oil properties

Collection:: Economics Books

252 VALUATION, DEPRECIATION AND THE RATE-BASE State Tax Commission. The owners or lessees of mines are ordered to furnish annual statements supplying the Commission with the necessary data to determine the net proceeds. Surface improvements are taxed as other like property. Unproductive patented mining claims are assessed and taxed on a reasonable valuation as undeveloped mineral lands in addition to their surface value whatever it may be. The law for the taxation of mining property was drawn up by the attorney of one of the large mining companies in New Mexico and is believed to be satisfactory to the mining interests. Utah has a system for assessing on the basis of the net proceeds but the State Board of ;Equalization does not allow deduction for interest, taxes, insurance, legal expenses, etc., so the mines are really being taxed on more than their net proceeds. Mexico prior to the Carranza regime placed an annual surface tax of 6 pesos per pertenencia (100 meters square) on all claims of less than 25 pertenencias in size. On each pertenencia in excess of 25 the annual charge is only 3 pesos. A state or federal tax on output could be levied not to exceed 13 per cent of the assay value. The tax on reduction plants was 0.6 per cent of the valuation but other improvements were not taxed. When ore was exported unrefined it was taxed 33 per cent of the assay value but when it was refined in Mexico the export tax was only 22 per cent of the assay value. Since the de facto government has been controlled by Car- ranza, an annual tax has been established at the rate of $6 per hectare on a property of not over ro hectares, $7.50 per hectare on the acreage in excess of 10 hectares and below 20 hectares; $0 per hectare on that from 20 to 50 hectares; and $12 per hectare on all above 50 hectares. Recent developments in Mexico are such that it cannot be stated with definiteness what is the method of mine taxation. German South-West Africa. — British consular reports state that the mines of German South-West Africa were taxed by an empirical method. The tax amounted to the difference be- tween 66 per cent of the gross value of the output and 70 per cent

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