SHOW BUSINESS: Independent Income

All Hollywood last week seemed to have a rendezvous with the U.S. Government. In Manhattan the Department of Justice suit against the major studios, to divorce producers from control of theaters, was in its third week. On the West Coast, the Bureau of Internal Revenue was sniffing at the heels of the independent producers, who seemed to be getting too much money through a loophole in the Revenue Code. Variety predicted that the outcome might well be no suits to recover more than $30,000,000 in back taxes.

The two actions were peas out of the same pod. For years the...

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