It is in the form of an excise on the privilege of realizing gain or profit from corporate activity.
The Supreme Court has laid this out clearly already.
Want DP delivered to your inbox daily? Subscribe here:
E-mail address:
Comment: The 16th settled the question. It is an indirect tax.
The 16th settled the question. It is an indirect tax.
It is in the form of an excise on the privilege of realizing gain or profit from corporate activity.
The Supreme Court has laid this out clearly already.