Proposals Relating to Excise Taxes: Hearing Before the Committee on Finance, United States Senate, Ninety-ninth Congress, Second Session, April 21, 1986, Volume 4

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U.S. Government Printing Office, 1986 - Excise tax - 880 pages

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Page 421 - The products of the territory of any contracting party imported into the territory of any other contracting party shall...
Page 816 - In order to determine whether there has been gain or loss, and the amount of the gain, if any, we must withdraw from the gross proceeds an amount sufficient to restore the capital value that existed at the commencement of the period under consideration.
Page 811 - The Congress shall have the power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.
Page 450 - In such negotiations and agreement, which may include provision for compensatory adjustment with respect to other products, the contracting parties concerned shall endeavour to maintain a general level of reciprocal and mutually advantageous concessions not less favourable to trade than that provided for in this Agreement prior to such negotiations.
Page 811 - Section 23 makes no provision for the cost of goods sold but the Commissioner has always recognized, as Indeed he must to stay within the Constitution, that the cost or goods sold must be deducted from gross receipts In order to arrive at gross income. No more than gross Income can be subjected to Income tax upon any theory.
Page 811 - Income may be defined as a gain derived from capital, from labor, or from both combined,' provided it be understood to include profit gained through sale or conversion of capital assets.
Page 657 - The 22 companies listed above own and control terminals capable of receiving ocean-going tankers. None is affiliated with a major oil company. Members of the Association are independent marketers of No. 2 fuel oil.
Page 420 - ... internal taxes or other internal charges of any kind in excess of those applied, directly or indirectly, to like domestic products. Moreover, no contracting party shall otherwise apply internal taxes or other internal charges to imported or domestic products in a manner contrary to the principles set forth in paragraph 1.* 3.
Page 421 - ... charges, and laws, regulations and requirements affecting the internal sale, offering for sale, purchase, transportation, distribution or use of products, and internal quantitative...
Page 494 - ... ordinary and necessary expenses paid or incurred in carrying on a trade or business.

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