ABSTRACT
George O. May received his basic training in business and accounting as an articled pupil of a chartered accountant in England and in 1897 took his articles with the Institute of Chartered Accountants. He has served as a lecturer at the Harvard University Graduate School of Business Administration including Yale, Columbia, Bowdoin, Duke, Indiana, Michigan, North Carolina, Massachusetts Institute of Technology, Northwestern, Stanford, Washington and the London School of Economics. The Provincial and Financial Committee of the League of Nations presented the general principle that taxation at progressive rates should be levied according to place of residence. The Committee stated a number of rules for determination of the source of income, which have been approved by the International Chamber of Commerce, and which are substantially similar to provisions in our own federal legislation. A noticeable change in the attitude of the Supreme Court toward depreciation can be found in the period 1878 to 1900.
