WHITAKER, Judge.
This case involves the question of the credit to which a taxpayer is entitled for foreign taxes paid by its foreign subsidiary.
Until 1931 a taxpayer had been permitted to take credit for foreign taxes paid computed according to the formula insisted upon by plaintiff, but in that year the Commissioner changed the formula to that applied in this case. The same question was presented in American Chicle Company v. United States, 94 Ct.Cl. 699...
Let's get started

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.