Mobil Oil Corp. v. Commissioner of Taxes of Vt.

In this case we are called upon to consider constitutional limits on a nondomiciliary State’s taxation of income received by a domestic corporation in the form of dividends. from subsidiaries and affiliates doing business , abroad. The State of Vermont imposed a tax, calculated by means of an apportionment formula, upon appellant’s so-called “foreign source” dividend income.for the taxable years 1970, 1971, and 1972. The Supreme Court of Vermont sustained that tax.

1

A

Appellant Mobil Oil Corporation is a corporation organized under the laws of the State of New York. It has its principal place…