H.R. 8000 - INTEREST EQUALIZATION TAX ACT

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP80B01676R003100230004-1
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 1
• Document Creation Date: December 15, 2016
• Document Release Date: January 6, 2003
• Sequence Number: 4
• Publication Date: November 13, 1963
• Content Type: MF

Executive Registry
Approved For Release 2003/03/05 : CIA-RDP80B01676R003100230004-1_ -C j
13 November 1963
tE MORANDUM FOR: Director of Central Intelligence
SUBJECT: H. R. 8000 - interest Eauaiization Tax Act
1. This memorandum is for information only.
2. Attached is a rather detailed analysis of H. R. 8000
prepared in this office. Also attached are the printed hearings on
this bill. This I. an Administration ineasure to stem the outflow of
long-term capital from the U. S.
3. At the present time all hearings have been completed and
it was planned that there be executive sessions this week looking
toward a markup of the bill and reporting it out. It seems very
likely the bill will probably pass the House after having been reported
favorably but it is doubted that we will see any action on the Senate
side this year. It should be noted that the effect desired by the
legislation has in part already been achieved in that the additional
will apply on acquisitions made after 18 July 1963 thus slowing
4.. Also attached is an excerpt from The Washington Post
co. x.enting an this bill. From our sources in Treasury and on the
Hilly we agree generally with the conclusions of this article.
JOHN S. WARNER
13 10 rt' ,E3 Legislative Counsel
Atts. - 3
Distribution:
Orig - DCI w/atts
1 - ER w/o atts.
1 - Leg. C. Subject w/o attn.
1 - Leg. C. Chrono. w/o atts.
Approved For Release 2003103/05 ;,,CIA-RDP80B?16
OCC/LC:JSW:mks~t ~w.. .