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Kt Jam tints} 2.0 . at}. _ . , is .. . Anttatmg I." Pom Tu' Corporations Tax Act amend. ' ' menu, as forecast in the Throne Speech, are said to be purely of an administrative nature, and to pro. vide. among other things. that companies whose fiscal year does E not correspond with the Govern- p merits may have certain additional , leeway in the filing of their tax L . returns. ' L Of the other forecast legislation. I q----.-. the Ilydgo protection bills, a bill . . . . sponsore by the De artment of ) Former Ontario Millionaires, lienlth "to curtail thepuse of code. Now in Other Lands, me, phenobarbitol and other habit. forming drugs," were the only meas- Would Be Affected ures of marked importance. The - Government ultimately may pm _ pose some chance to deal with the T H I R T Y O N L l S T situation arising out of the "buck law" of 1936. but will not, it is ex- -----"'"" pectled. propose any amendments . unti such time as the Game and Many Now Exempt bfz'ru. Fish Committee of the (tense has FON- I e deliberated on the question The of 1nctP.ort ' . Y Highways Traffic Act amendments This Session may provide for some modified . form of the English speed laws in this Province. but nothing definite Wodthy residents of Orttnrfq in that regard has yet been de. m have Incorporated personal ,cided by the Highways Department. I" in other countries are under Hon. T. B. McQuesten. to be made liable to new and dras- tic provisions of the Provincial In- come Tax Act, " was reliably ro- portod at Queen's Park yesterday. No such legislation is forecast in the Speech trom the Throne, as de. livered " yesterday's sessions! open- ing, but the Government is said " . have ft under advisement with the intention of introducing it beiors the present House prorogues. Thirty on List. Certain Toronto millionaires who were charged by Premier Hepburn during the recent East Hastings by- eiection campaign with running " to the Bahamas and other foreign lands to incorporate companies. tor the deliberate purpose, he said, of evading taxation of their native [Province, are said to be, chiefly. the targets at which the proposed in- come tax amendments are aimed. The Prime Minister. in his ca- 'tpaclty of Provincial Treasurer, is . said to have a list of more than .. thirty wealthy Ontario people who, . by virtue ot corporations which they have launched outside Ontario, are . allegedly exempted from paying huge sums of money into the Queen's Park treasury that other- wise might be paid. Will Deal With Fraud. If Mr. Hepburn is able before the session ends to return to his duties from Arizona, hts undoubtedly will Sponsor the drastic legislation in question. He is said to have given it long and careful study, and to be - firmly convinced that the people at whom it is directed should "pay up." Fraser Elliott, K.C., of Ottawa, ' Federal Commissioner of Income Tax; will, it is reported. be at Queen's Park, the end of the week. ' to confer with Provincial Treasury . officials. The new Ontario policy . may be discussed by him, it is said. The Government is also moving this session to deal more firmly and effectively than heretofore with cases of alleged attempts to de- . fraud under the Succession Duties Act. In the past additional tax penalties have been imposed in such instances, but from now on, it is understood, the Government . proposes to mete out heavy fines. l with the imposition of jail terms for extreme cases. The Succession Duties Act will also be amended this session so that contributions to charitable. educational and religious t institutions shall be exempted when . rates for duty are fixed.