New Tax Powers for the States

January 1941
New Republic;1/6/41, Vol. 104 Issue 1, p7
Focuses on the U.S. Supreme Court case titled "Wisconsin v. J.C. Penney Co. Inc." which concerned the allowance of tax powers and tax policy to the state of Wisconsin. Problems that were raised against the imposition of taxes on domestic and foreign corporations; Existence of corporate income tax in Wisconsin; Decision of the court, led by Justice Felix Frankfurter, to impose dividend taxes on the domestic and foreign corporations of Wisconsin; Judgment of the court that indicated creating a bill of social duties for big property as well as a bill of legal rights.


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