72d CONGRESS . SESS . I. CH. 209 . JUNE 6, 1932 .
285 (b) if prior to the transfer it has been established to the satisfac- laws . not to evade tax tion of the Commissioner that such transfer is not in pursuance of a plan having as one of its principal purposes the avoidance of Federal income taxes . SEC. 903. DEFINITION OF "FOREIGN TRUST" .
"Foreign Trus t" do- A trust shall be considered a foreign trust within the meaning Shed . of this title if, assuming a subsequent sale by the trustee, outside the United States and for cash, of the property so transferred, the profit, if any, from suc h sale w ould not be inclu ded in t he gross Ante, p.173 . income of the trust under Title I of this Act . Payment and collec . SEC. 904. PAYMENT AND COLLECTION.
tion . (a ) The ta x impose d by sec tion 901 shall, without assessme nt or fo Due at time of trans. notice and deman d, be due a nd pay able by the transferor at the time of the transfer, and shall be assessed, collected, and paid under Regulations. regulations prescribed by the Commissioner with the approval of the Secr etary . (b) Under regulations prescribed by the Commissioner with the tmAbata~~ei etc .,ofnoe . approval of the Secretary the tax may be abated, remitted, or lion, etc • refunded if after the transfer it has been established to the satisfac- tion of the Commissioner that such transfer was not in pursuance of a plan having as one of its principal purposes the avoidance of Federal income taxes. (c) All administrative, s p ecial, or stamp provisions of la w, scope . including penalties and including the law relating to the assessment of taxes, so far as applicable, are hereby extended to and made a part of this title . TITLE VIII-POSTAL RATES Postal rates. SEC. 1001. POSTAL RATES . (a) On and after the thirtieth day after the date of the enactment m8 ter .„n agar cl am of this Act and until July 1, 1934, the rate of postage on all mail matter of the first class (except postal cards and private mailing or Duration. post cards, and except other first class matter on which the rate Exceptions. of postage under existing law is 1 cent for each ounce or fraction thereof) shall be 1 cent for each ounce or fraction thereof in addition to the rate provided by existing law .
Rates on advertising (b) On and after July 1, 1932, and until July 1, 1934, on the portion of publications advertising po rtion of any pub lication entered as second-class matter entered as second-class subject to the zone rates of p ostage under existing law, the rates matter . per pound or fraction thereof for delivery within the eight postal zones established for fourth-class matter shall be as follows For the first and second zones, 2 cents . For the third zone, 3 cents . For the fourth zone, 5 cents . For the fifth zone, 6 cents . For the sixth zone, 7 cents . For the seventh zone, 9 cents . For the eighth z one, and between the Phi lippine I slands a nd any portion of the United States, including the District of Columbia and the several Territories and possessions, 10 cents .
Com pensa tion and (c) Only 85 per centum of the gross postal receipts during the all ow anc es of po st- eriod the increased rate of
provided in subsection (a) trees l e s of first P
postage
the casse " remains in force shall be counted for the purpose of determining the Basis for computing. class of the post office or the compensation or allowances of post- masters or of postal employees of post offices of the first, second, and
