Legal Opinion
American Chicle Co. v. United States
Supreme Court of the United States
Decided June 1, 1942No. 913PublishedCited by 84 opinions
1Opinion of the CourtJustice Roberts
This case involves the application of § 131 (f) of the Revenue Acts of 1936 and 1938, 1 which allows a tax credit to domestic corporations in respect of income received from foreign subsidiaries.
During the taxable years 1936,1937, and 1938, the petitioner, a domestic corporation, received dividends from foreign subsidiaries of which it was sole stockholder. The subsidiaries paid taxes upon their earnings to the countries of their domicile. In its income tax returns, the petitioner claimed the credit allowed by § 131 for the foreign taxes so paid. The Commissioner of Internal Revenue computed…
2Cases cited8 opinions
- Helvering v. Wilshire Oil Co.Supreme Court of the United States · 1939
- Helvering v. ReynoldsSupreme Court of the United States · 1941
- Burnet v. Chicago Portrait Co.Supreme Court of the United States · 1932
- White v. Winchester Country ClubSupreme Court of the United States · 1942
- F. W. Woolworth Co. v. United StatesCourt of Appeals for the Second Circuit · 1937
3 more not listed; retrieve them via the Exa API.
3Cited by84 opinions
- Anderson, Clayton & Co., Plaintiff-Appellee-Cross-Appellant v. United States of America, Defendant-Appellant-Cross-AppelleeCourt of Appeals for the Fifth Circuit · 1977
- Kraft General Foods, Inc. v. Iowa Department of Revenue & FinanceSupreme Court of the United States · 1992
- American Postal Workers Union, Afl-Cio, Wilma M. Carter v. United States Postal ServiceCourt of Appeals for the D.C. Circuit · 1983
- Nissho Iwai Am. Corp. v. CommissionerUnited States Tax Court · 1987
- Marsman v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1953
79 more not listed; retrieve them via the Exa API.