The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Harvard Law School Cambridge, Massachusetts July 19, 1937 Mr. Marriner S. Eccles Chairman of the Federal Reserve Board Washington, D. C. Dear Mr. Eccles: I agree with your view as reported in the New York Times for July 15 that aliens should be taxed at the same rate as citizens on income derived from sources within the United States. It seems to me that the sole basis for taxing income should be the source of the income regardless of citizenship or residence of the recipient. This would include abandonment of the attempt to tax citizens on income derived from foreign sources since this usually means double taxation of the recipient. see my book, 11 For elaboration of these views Jurisdiction and Power of Taxation" and an article in the June issue of the Cornell Law Quarterly, n Jurisdiction to Tax Income". Sincerely yours EDWARD STIMSON July 2£, 1937 Mr* Edward Stimson Harvard I»av School Cambridge, Massachusetts Sear tfr* Stimeom This will acknowledge your letter of July 19th in which you coaaent on my views respecting the taxation of foreign capital* I aa glad to have your support for my views and X am passing your letter on to Mr* Malcolm B* Bryan of the Board*a Division of Research and Statistics, who la following the entire problem of iaeoae tax legislation* lours sincerely, (Signed) M, S, Eccies II* S* Eccles Chairman LC/fgr
@FedFRASER