until appeal shall have been duly made to the commissioner of internal Hamilton's first official act was to submit a report to Congress in which he laid the foundation for the nation's financial health. Throughout the decades of American history, the Department of the Treasury has been a dynamic aspect of the government's service to the people, expanding and developing to accommodate the nation's needs.
238(a) That in the case of a domestic corporation the tax imposed by this title, plus the warprofits and excess-profits taxes, if any, shall be credited with the amount of any income, war-profits, and excess-profits taxes paid during the same taxable year to any foreign country, or to any possession of the United States: Provided, That the amount of credit taken under this subdivision shall in no case exceed the same proportion of the taxes, against which such credit is taken, which the taxpayer's net income (computed without deduction for any income, war-profits, and excess-profits taxes imposed by any foreign country or possession of the United States) from sources without the United States bears to its entire net income (computed without such deduction) for the same taxable year. The $241.5 million of paper Continental Dollars devalued rapidly. 1073, 1080)10 was enacted with this background and we find no basis whatever for the conclusion that the term 'foreign country' was used in that statute in any different sense. General for Tax Administration (TIGTA), Special Inspector General, From this carefully considered dictum 227, 258, 259) permitted credit in the case of such taxes paid 'to any foreign country.' a deficiency assessment by a petition in the Tax Court. Morris, a wealthy colonial merchant, was nicknamed "the Financier" because of his reputation for procuring funds or goods on a moment's notice. The English word games are: 133-135; Hyde, International Law, vol. Robert Morris was designated Superintendent of Finance in 1781 and restored stability to the nation's finances.
In his view it meant that when the particular collector was dead Consistent with that understanding, The former names of certain of these territories are here used for convenience in spite of the actual or possible change in the name or sovereignty. 45, set forth the list of 'countries' which did or did not satisfy this reciprocal credit requirement. Sometimes they are a way of recognizing or honoring the sponsor or creator of a particular law (as with the 'Taft-Hartley Act').
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subsequent losses, invested in nonliquid assets, or spent, sometimes In construing legislation providing for the deportation of aliens 'to the country whence they came,' the place of emigration affords the dominant consideration. Choose the design that fits your site. And with respect to domestic corporations: 'Sec.
Senator Jones of New Mexico interrupted floor 22, In explaining the present state of 138. Cas. the Currency, Office
can sue the collector; and, if the money was wrongfully exacted, An examination of the provisions of earlier income tax acts in which the expression 'foreign country' is found, does not support, but rather negatives, the conclusion that the term was used in the restricted sense for which the petitioner contends. SECTION 1. 6 When the appeal requirement was restated
No.