Taxation – Selection of Exchange Rate for Translation Purposes -- Where Multiple Exchange Rates Exist for a Foreign Currency and the Underlying Transaction is Financial in Nature, the Proper Rate for Translation Components of Taxable Income is the "Free" Market Rate (Durovic v. Commissioner of Internal Revenue, 7th Cir. 1976)

Authors

Tim J. Floyd

Document Type

Note

Recommended Citation

Tim J. Floyd, Taxation – Selection of Exchange Rate for Translation Purposes -- Where Multiple Exchange Rates Exist for a Foreign Currency and the Underlying Transaction is Financial in Nature, the Proper Rate for Translation Components of Taxable Income is the "Free" Market Rate (Durovic v. Commissioner of Internal Revenue, 7th Cir. 1976), 7 Ga. J. Int’l & Compar. L. 711 (1977).
Available at: https://digitalcommons.law.uga.edu/gjicl/vol7/iss2/13