Book Review: 1921 Supplement to Federal Income and Profits Taxes

Abstract

Federal income tax law is developing so rapidly that although Mr. Holmes' valuable treatise on the subject appeared only in 1g2o [see review in 1920 (30 Yale Law Journal, 104)] it is necessary to issue this sizable volume in order to bring the subject down to date. In the main the additions are only of new authorities, but the chapter on War Profits and Excess Profits Tax has been entirely re-written, and has undergone a sixty-five per cent expansion in the re-writing. The additional information thus presented on this labyrinthine subject is very valuable.