Note 27 — AMENDMENT 16
Reading edition
311 U.S. 46, 53. Another provision of the Revenue Act, requiring undistributed net income of a foreign personal holding company to be included in the gross income of citizens or residents who are shareholders in such company, was upheld as constitutional in Rodney v. Hoey, 53 F. Supp. 604, 607-608 (1944).