In 1916, the Supreme Court decided that corporate reorganizations were substantially continuations of the prior entities and thus should not be subject to taxation.

Name: In 1916, the Supreme Court decided that corporate reorganizations were substantially continuations of the prior entities and thus should not be subject to taxation.
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The Supreme Court decision regarding corporate reorganizations and taxation occurred in 1935 with the Gregory v. Helvering case, not in 1916.

In 1916, the Supreme Court Decided That Corporate Reorganizations Were