Bowers v. Kerbaugh-Empire Company

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Bowers v. Kerbaugh-Empire Company by Pierce Butler
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. — Excerpted from Bowers v. Kerbaugh-Empire Co. on Wikipedia, the free encyclopedia.
Court Documents
Opinion of the Court

United States Supreme Court

271 U.S. 170


 Argued: Jan. 25, 1926. --- Decided: May 3, 1926

Mr. Attorney General and Mrs. Assistant Attorney General Willebrandt, for plaintiff in error.

Mr. Franklin Nevius, of New York City, for defendant in error.

Mr. Justice BUTLER delivered the opinion of the Court.


This work is in the public domain in the United States because it is a work of the United States federal government (see 17 U.S.C. 105).