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13 Tax Memo 1 (1956)

handle is hein.journals/taxmmo13 and id is 1 raw text is: TAX No. 13 MEMO October, 1956 TAX MANAGEMENT IN CANADIAN COMPANIES Report on Questionnaire The Foundation recently requested its corporate subscribers to complete a ques- tionnaire designed to obtain information on methods used by Canadian companies in accounting for taxes. The survey was expected to yield no more than a general idea of the development of company tax management systems, since methods fol- lowed in individual companies depend on many specific circumstances. From this point of view the survey was a remarkable success, and produced some very interesting results. Replies were received from two hundred and forty-eight companies representing a fairly broad cross section of Canadian busi- ness as to both type and size. They included ninety-six manufacturing concerns, thirty- seven pulp and paper or lumber companies, thirty-three financial institutions, nineteen utilities, thirteen oil companies, eleven mining companies, eight publishers, six con- struction companies, six retailers and five wholesalers. In size they ranged from small closely held companies to large organiza- tions with highly integrated nation-wide operations. In framing the questionnaire particular attention was given to the degree to which tax administration is centralized in one department of the company. The ultimate in centralization appears to take the form of a central tax department. Such departments are a comparatively recent development in tax administration and one of the surprising results therefore was the number of them now reported to be in operation. Approxi- mately one out of every seven companies replying to the questionnaire reported that tax administration was centralized in a tax department. The questionnaire was divided into two parts. Part A was completed by companies which do not have a central tax department and Part B by those companies which do. In the following pages the detailed results of the questionnaire are set out under these two headings. We wish to express our appreciation to the large number of our corporate sub- scribers whose co-operation made this survey an outstanding success. Additional copies of this Memo may be obtained on request CANADIAN TAX FOUNDATION

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