Robert L. Phinney v. Tuboscope Company

JOHN R. BROWN, Circuit Judge.

We here deal with problems arising under the Korean Excess Profits Tax Statute, as to which others have said, and we have echoed, that this statute “ * * probably represented the most intricate and baffling enactment ever to receive Congressional approval.” Burford-■Toothaker Tractor Co. v. United States, 5 Cir., 1959, 262 F.2d 891.

As we struggle through this intricate web of definitions, exclusions, provisions, exceptions, cross references, limitations, provisos and a general but unavoidable obscurity,1 it is our conclusion that § 430(e) (2) (B) (i), expressly…