Anmerkungen:
In: Tax Notes, 2012
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 10, 2012 erstellt
Beschreibung:
The controversy surrounding PPL v Commissioner has framed the issue as one of substance versus form, accepting that the tax in question is economically equivalent to a tax on income. However, the fact that the tax is levied on the basis of average profits rather than total profits causes it to differ from conventional income taxes in important ways