That it is extremely profitable to trade in toilet paper
Rutledge v. Inland Revenue Commissioners (1929) 14 TC 490
A taxpayer bought one million rolls of toilet paper for £1,000 and later resold them at £12,000 for a net profit of approximately £11,000. (The rest of the case is irrelevant and it talks about whether he could be counted as trading in toilet paper or not.)
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