Edwards v. Chile Copper Co.

This is a suit to recover the amount of taxes alleged to have been erroneously collected for the years 1917 to 1920. The taxes were levied under the Acts of September 8, 1916, c. 463, § 407, 39 Stat. 756, 789, and of February 24, 1919, c. 18, § 1000, (a) (1) and (c), 40'Stat. 1057, 1126. Both statutes impose upon domestic corporations organized, for profit a tax ‘ with respect to carrying on or doing business/ at certain rates for a fair value of the capital stock, and both exempt such corporations ‘not engaged in business ’ during the preceding taxable year. The question .is whether the…