Report of the Joint Committee On Tax Revision, 1914
Report of the Joint Committee On Tax Revision, 1914
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In our eReader you can find the full English version of the book. Read Report of the Joint Committee On Tax Revision, 1914 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Report of the Joint Committee On Tax Revision, 1914
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The court decided against the contention on all points. In construing the meaning of "other moneyed capital" it says : "The main purpose, therefore, of Congress in fixing limits to state taxation on investments in the shares of national banks was to render it impossible for the State, in levying such a tax, to create and foster an unequal and unfriendly competition by favoring institutions or individuals carrying on a similar business and operations and invest- ments of a like character. The la...nguage of the Act of Congress is to be read in the light of this policy. Applying this rule of construction, we are lead, in the first place, to consider the meaning of the words 'other moneyed capital' as used in the statute. Of course, it includes shares in national banks; the use of the word 'other' requires that. If bank shares were not moneyed capital, the word 'other' in this connection would be without significance. But 'moneyed capital' does not mean all capital, the value of which is measured in terms of money.
What to read after Report of the Joint Committee On Tax Revision, 1914?
You can find similar books in the "Read Also" column, or choose other free books by Virginia Joint Committee On Tax Revision to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The court decided against the contention on all points. In construing the meaning of "other moneyed capital" it says : "The main purpose, therefore, of Congress in fixing limits to state taxation on investments in the shares of national banks was to render it impossible for the State, in levying such a tax, to create and foster an unequal and unfriendly competition by favoring institutions or individuals carrying on a similar business and operations and invest- ments of a like character. The la...nguage of the Act of Congress is to be read in the light of this policy. Applying this rule of construction, we are lead, in the first place, to consider the meaning of the words 'other moneyed capital' as used in the statute. Of course, it includes shares in national banks; the use of the word 'other' requires that. If bank shares were not moneyed capital, the word 'other' in this connection would be without significance. But 'moneyed capital' does not mean all capital, the value of which is measured in terms of money.
What to read after Report of the Joint Committee On Tax Revision, 1914?
You can find similar books in the "Read Also" column, or choose other free books by Virginia Joint Committee On Tax Revision to read onlineMoreLess
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