...upon every corporation doing business in the United States. The Act provides that such corporations "shall be subject to pay annually a special excise...with respect to the carrying on or doing business by said corporation . . . equivalent to one per cent upon the entire net income over and above $5,000.00...

...of doing business as an artificial entity" and Senator Root had admitted that the words of the law, "a special excise tax with respect to the carrying on or doing business" were equivalent to a tax on the right or privilege to transact business. 14 It will be seen that these...

...Those parts of the Act which bear upon this question are as follows: "That every corporation . . . shall be subject to pay annually a. special excise...with respect to the carrying on or doing business by sucli corporation, joint stock company or association, or insurance company, equivalent to one per...

...or hereafter organized under the laws of any foreign country and engaged in business in any State or Territory of the United States or in Alaska or in the District of Columbia, shall be subject Opinion of the Court. 220 US to pay annually a special excise tax with respect to the carrying on or...

...Congress applicable to Alaska and the District of Columbia. Each and all of these, the statute declares, shall be subject to pay annually a special excise tax with respect to the carrying on and doing business by such corporation, joint stock company or association, or insurance com- n pany....

...Congress applicable to Alaska and the District of Columbia. Each and all of these, the statute declares, shall be subject to pay annually a special excise tax with respect to the carrying on and doing business by such corporation, joint stock company or association, or insurance company. The...

...represented by shares organized under the laws of any foreign country and engaged in business in any State or Territory of the United States or in Alaska, or in the District of Columbia, are subject to the payment of the federal corporation excise tax. Here again, the word " territory...

...tax so imposed is not upon the property of the corporation or the income derived therefrom, but is " a special excise tax with respect to the carrying on or doing business," such tax, as applied to the business so carried on by such foreign steamship companies, is not upon...

...and having a capital stock, and insurance companies, organized under the laws of the United States, " shall be subject to pay annually a special excise tax with respect to tlie currying on or doing business equivalent to one per cent upon the entire net income, over and...

...or of any state or territory of the United States, . . . shall be subject to pay annually a special tax with respect to the carrying on, or doing business by such corporation." The advocates of the validity of the tax rest its constitutionality mainly upon the proposition that...