...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...corporation, joint stock company or association, or insurance comcome te ° n Det in P an y> equivalent to one per centum upon the entire net come ' income over...

...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...carrying on or doing business by such corporation, joint-stock company or association, or insurance company equivalent to one per centum upon the entire...

...person, firm, or copartnership residing in the United States, any Territory thereof, or in Alaska or the District of Columbia, shall be subject to pay...respect to the carrying on or doing business by such person equivalent to one per centum upon the entire net income over and above five thousand dollars...

...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...with respect to the carrying on or doing business by euch corporation, joint-stock company or association, or insurance company, equivalent to one per centum...

...business, by corporations, joint stock companies, associations and insurance companies, in any State or Territory of the United States, or in Alaska or in the District of Columbia. That system of provisions was made in Section thirty-eight, of the tax law of 1909, and was there formulated...

...clearly includes the Manila Railroad Co. unless the limitation, "engaged in business in any State or Territory of the United States or in Alaska or in the District of Columbia," applies to the domestic as well as to the foreign corporations described in the act. Domestic corporations...

...capital stock represented by shares . . . and engaged in business in any state . . . shall be inbject to pay annually a special excise tax with respect to the carrying on or doo ing business by such corporation . . • equivalent to one per centum upon the 'entire net income...

...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...

...stock represented by shares and engaged in business in any State. Every such corporation is subject to a special excise tax with respect to the carrying on or doing of business, equivalent to one per cent. upon the entire net income over and above 85,000 received...

...penalties as if section thirty-eight continued in full force and effect : And provided further, That a special excise tax with respect to the carrying on or doing of business, equivalent to 1 per centum upon their entire net income, shall be levied, assessed, and...