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 425 - The products of the territory of any contracting party imported into the territory of any other contracting party shall...
Page 454 - 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 819 - Income may be defined as the gain derived from capital, from labor, or from both combined," provided it be understood to include profit gained through a sale or conversion of capital assets, to which it was applied in the Doyle Case (pp.
Page 819 - 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 453 - Such products shall also be exempt from all other duties or charges of any kind imposed on or in connection with importation...
Page 663 - England and nearly 25% of the No. 2 fuel oil consumed along the East Coast. They distribute nearly 60% of the residual fuel oil burned by non-utility consumers in New England and nearly 50% on the East Coast.
Page 819 - 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 424 - ... 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 425 - ... charges, and laws, regulations and requirements affecting the internal sale, offering for sale, purchase, transportation, distribution or use of products, and internal quantitative...
Page 498 - ... ordinary and necessary expenses paid or incurred in carrying on a trade or business.

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