If the court should maintain its former view, no tax would be collected at all.
Editor's note · Context
Message to the Congress Concerning Tax on Net Income of Corporations
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This would impose a heavy burden on the administrative branch of the Government, create disastrous uncertainty in commercial circles, and lead to a burdensome amount of litigation.
This imposes a penalty on the domestic labor of cutting and would transfer half the process in the industry of shoemaking and glove making to foreign countries.
The truth is that the language of the act is so ambiguous and possibly all-embracing that it is impracticable for the Treasury Department to give an exact estimate as to the diminution in revenue which will follow its passage.
The empirical and haphazard character of this bill is shown more clearly perhaps in the amendment to Schedule A than in any other.





