Amtorg Trading Corp. v. Commissioner
United States Board of Tax Appeals
Amounts accrued under an agreement with the People's Commissariat of Foreign Trade of the Union of Soviet Socialist Republics have not been shown to be deductible as taxes or as ordinary and necessary expenses.
1Opinion of the Court
*332OPINION.
Murdock:
The petitioner first contends that the items in question are deductible as “taxes.” The word “tax” is generally understood in this country to mean an involuntary charge imposed by legislative authority for public purposes. Tevander v. Ruysdael, 299 Fed. 746; Loan Association v. Topeka, 20 Wall. 655, 664; Strand v. Martin, 30 N. D. 165; 152 N. W. 280; Voelkel v. City of Cincinnati, *333112 Ohio 374; 147 N. E. 754. See other cases cited in Words and Phrases under “ Tax.” It is exclusively of statutory origin. Bente v. Bugbee, 103 N. J. 608; 137 Atl. 552. We look, therefore, for…
2Cases cited7 opinions
- Loan Assn. v. TopekaSupreme Court of the United States · 1875
- Columbia Gaslight Co. v. Mobley, TreasSupreme Court of South Carolina · 1927
- Tevander v. RuysdaelCourt of Appeals for the Seventh Circuit · 1924
- Bente v. BugbeeSupreme Court of New Jersey · 1927
- Voelkel v. City of CincinnatiOhio Supreme Court · 1925
2 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Amtorg Trading Corp. v. CommissionerUnited States Board of Tax Appeals · 1932