Bowers v. Kerbaugh-Empire Co.
1926 United States Supreme Court case
Bowers v. Kerbaugh-Empire Co. | |
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Argued January 25, 1926 Decided May 3, 1926 | |
Full case name | Bowers, Collector of Internal Revenue v. Kerbaugh-Empire Company |
Citations | 271 U.S. 170 (more) 46 S. Ct. 449; 70 L. Ed. 886; 1926 U.S. LEXIS 615; 1 U.S. Tax Cas. (CCH) ¶ 174; 5 A.F.T.R. (P-H) 6014; 1926 P.H. P1865 |
Case history | |
Prior | Kerbaugh-Empire Co. v. Bowers, 300 F. 938 (S.D.N.Y. 1924) |
Holding | |
No taxable income arose from the repayment in German marks of loans that had originally been made in U.S. dollars, despite the fact that the marks had gone down in value relative to the dollar since the loan had been made. | |
Court membership | |
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Case opinions | |
Majority | Butler, joined by Taft, Holmes, Van Devanter, McReynolds, Sutherland, Sanford, Stone |
Concurrence | Brandeis |
Laws applied | |
U.S. Const. amend. XVI |
Bowers v. Kerbaugh-Empire Co., 271 U.S. 170 (1926), was a case in which the United States Supreme Court held that no taxable income arose from the repayment in German marks of loans that had originally been made in U.S. dollars, despite the fact that the marks had gone down in value relative to the dollar since the loan had been made.[1]
This decision was narrowed by the court six years later in United States v. Kirby Lumber Co..
See also
External links
- Works related to Bowers v. Kerbaugh-Empire Company at Wikisource
- ^ Text of Bowers v. Kerbaugh-Empire Co., 271 U.S. 170 (1926) is available from: CourtListener Findlaw Google Scholar Justia Library of Congress OpenJurist
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United States Sixteenth Amendment case law
- Brushaber v. Union Pacific Railroad (1916)
- Stanton v. Baltic Mining Company (1916)
- Tyee Realty Co. v. Anderson (1916)
- Stratton's Independence, Ltd. v. Howbert (1913)
- Towne v. Eisner (1918)
- Eisner v. Macomber (1920)
- Bowers v. Kerbaugh-Empire Co. (1926)
- Moore v. United States (2024)
corporate dividends
- Lynch v. Turrish (1918)
- Southern Pacific Co. v. Lowe (1918)
- Lynch v. Hornby (1918)
- Peabody v. Eisner (1918)
- Eisner v. Macomber (1920)
- United States v. Phellis (1921)
- Rockefeller v. United States (1921)
- Merchants' Loan & Trust v. Smietanka (1921)
- Miles v. Safe Deposit Co. (1922)
- Cullinan v. Walker (1923)
- Weiss v. Stearn (1924)
- Marr v. United States (1925)
- Koshland v. Helvering (1936)
- Helvering v. Gowran (1937)
corporate earnings
- Edwards v. Cuba Railroad (1925)
- Burk-Waggoner Assoc. v. Hopkins (1925)
- Texas & Pacific Railway Co. v. United States (1932)
- Continental Tie & Lumber Co. v. United States (1932)
- Helvering v. Mitchell (1938)
- Helvering v. National Grocery (1938)
- Helvering v. Northwest Steel Mills (1940)
- Crane-Johnson Co. v. Helvering (1940)
- Commissioner v. Glenshaw Glass Co. (1955)
- General American Investors Co. v. Commissioner (1955)
- Commissioner v. Gillette Motor Co. (1960)
- Goodrich v. Edwards (1921)
- Walsh v. Brewster (1921)
- Taft v. Bowers (1929)
- Lucas v. Alexander (1929)
- Burnet v. Harmel (1932)
- United States v. Safety Car Heating Co. (1936)
- Helvering v. Bruun (1940)
- Helvering v. Horst (1940)
- Crane v. Commissioner (1947)
- United States v. Davis (1962)
- Commissioner v. Tufts (1983)
- United States v. Sullivan (1927)
- Rutkin v. United States (1952)
- Commissioner v. Sullivan (1958)
- James v. United States (1961)
and exemptions
- Brushaber v. Union Pacific Railroad (1915)
- Burnet v. Sanford & Brooks Co. (1931)
- McLaughlin v. Alliance Ins. Co. (1932)
- Helvering v. Independent Life Ins. Co. (1934)
- Helvering v. Winmill (1938)
- Millinery Corp. v. Commissioner (1956)
- Tank Truck Rentals v. Commissioner (1958)
- Hoover Express Co. v. United States (1958)
- Cammarano v. United States (1959)
- United States v. General Dynamics Corp. (1987)
- Bowers v. Kerbaugh-Empire Co. (1926)
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