This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1918 Excerpt: ...as the property of a resident. Otherwise, as was pointed out in Wiley v. Parmer,18 a State would have the power to exempt its own citizens from taxation, and to support the government and pay its debts by taxing the property of non-residents. Thus a state statute requiring domestic corporations to pay into the state ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1918 Excerpt: ...as the property of a resident. Otherwise, as was pointed out in Wiley v. Parmer,18 a State would have the power to exempt its own citizens from taxation, and to support the government and pay its debts by taxing the property of non-residents. Thus a state statute requiring domestic corporations to pay into the state treasury a certain percentage of all dividends de 10 See, e. g., Corfield v. Coryell, 4 Wash. C. C. 371; Ward v. Maryland, 12 Wall. 418, 20 L. ed. 449; Paul v. Virginia, 8 Wall. 168, 19 L. ed. 357 11 Battle v. Mobile, 9 Ala. 234; Duer v. Small, 4 Blatch. C. C. 263. "Sprague v. Fletcher, 69 Vt. 69, 37 Atl. 239, 37 L. R. A. 840. 18 14 Ala. 627. clared on the shares of non-resident stockholders was held unconstitutional, since citizens of the State were exempted from the payment of a similar tax upon the shares held by them.14 Similarly a statute denying to non-residents the right to deduct from their taxable personal property certain debts owed by them, and according this right to residents, was invalid.15 Nevertheless the general rule by which non-residents are entitled to be taxed upon their property at the same rate as residents is not free from exceptions. An interesting case in this connection is that of the Travelers' Insurance Company v. Connecticut,16 which arose out of the method adopted by the State of Connecticut for taxing local corporations. The stockholders were divided into two classes, one composed of residents of the State, who were subject to municipal taxation, and the other of non-residents, who were subject to a special state tax. The rules for fixing the valuation of the stock were different for the two classes, so that in actual practise the non-resident stockholders were forced to pay at a higher rate than the resident...
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PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
