Tax on income includes taxes in the nature of an excess profits tax under the constitutional definition. The term tax on income is defined to include taxes in the nature of an excess profits tax, establishing an inclusive constitutional definition that brings ... Summary
Tax on income includes taxes in the nature of an excess profits tax under the constitutional definition.
The term tax on income is defined to include taxes in the nature of an excess profits tax, establishing an inclusive constitutional definition that brings levies of an excess-profit character within the category of income taxation for interpretive and administrative purposes.
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