Tax Revision Compendium: Compendium of Papers on Broadening the Tax Base, Volume 3 |
From inside the book
Results 1-5 of 60
Page 1913
... policyholders themselves , who thus receive their insurance protection at cost , depend- ing on the company's actual experience . " Hearings before the Subcommittee on Internal Revenue Taxation of the House Committee on Ways and Means ...
... policyholders themselves , who thus receive their insurance protection at cost , depend- ing on the company's actual experience . " Hearings before the Subcommittee on Internal Revenue Taxation of the House Committee on Ways and Means ...
Page 1955
... policyholders , was taxing something other than income . The record and briefs in the case clearly disclose that the meaning of " income " as used in the Constitution was actually not in the case . The argu- Helvering v . Edison Bros ...
... policyholders , was taxing something other than income . The record and briefs in the case clearly disclose that the meaning of " income " as used in the Constitution was actually not in the case . The argu- Helvering v . Edison Bros ...
Page 1956
... policyholders , saying in language entirely apt for the operations of the typical coop- erative ( 252 U.S. at 533 ) ... policyholder , it is not returned as something purchased with the premium but as a part of the premium which was not ...
... policyholders , saying in language entirely apt for the operations of the typical coop- erative ( 252 U.S. at 533 ) ... policyholder , it is not returned as something purchased with the premium but as a part of the premium which was not ...
Page 1984
... policyholder is receiving the service so long as he continues his payments . From the company's standpoint , the receipt of ... policyholders and the funds of the entire group are used to meet these expenses . A related justification for ...
... policyholder is receiving the service so long as he continues his payments . From the company's standpoint , the receipt of ... policyholders and the funds of the entire group are used to meet these expenses . A related justification for ...
Page 1986
... policyholder as customer and this is the more fundamental relationship between the company and the individual . The ... policyholders is returned to that group as a unit , although the statistical data which would be necessary to ...
... policyholder as customer and this is the more fundamental relationship between the company and the individual . The ... policyholders is returned to that group as a unit , although the statistical data which would be necessary to ...
Contents
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1994 | |
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Common terms and phrases
activities allocated amount applied assets average basis bracket built-in flexibility capital gains cash commercial banks Committee Congress cooperative corporate income tax corporate tax cost credit union debt deduction distribution dollar economic effect equity exempt farmers Federal income tax foreign tax funds Government gross income growth increase individual institutions insurance companies interest Internal Revenue Code investment income legislation limited loan associations loss margins ment million municipal bonds mutual companies mutual savings banks net margins operating ordinary income organizations paid partnership patronage dividends patronage refunds patrons payments percent period personal income policyholders premium present problem profits proposal provisions purchase purposes regulated investment companies reserves result retained earnings Revenue Act savings and loan share shareholders stockholders subchapter substantial surplus tax base tax law tax rates tax treatment tax-exempt taxable income taxpayer tion Treasury trust
Popular passages
Page 1927 - The farmers' cooperatives exempt from taxation to the extent provided in subsection (a) are farmers', fruit growers', or like associations organized and operated on a cooperative basis (A) for the purpose of marketing the products of members or other producers, and turning back to them the proceeds of sales, less the necessary marketing expenses...
Page 1928 - ... substantially all such stock (other than nonvoting preferred stock, the owners of which are not entitled or permitted to participate, directly or indirectly, in the profits of the association, upon dissolution or otherwise, beyond the fixed dividends) is owned by producers who market their products or purchase their supplies and equipment through the association...
Page 1949 - ... organized and operated on a cooperative basis, (a) for the purpose of marketing the products of members or other producers, and turning back to them the proceeds of sales, less the necessary marketing expenses, on the basis of either the quantity or the value of the products furnished by them, or (b) for the purpose of purchasing supplies and equipment for the use of members or other persons, and turning over such supplies and equipment to them at actual cost, plus necessary expenses.
Page 1767 - Domestic building and loan associations substantially all the business of which is confined to making loans to members; and cooperative banks without capital stock organized and operated for mutual purposes and without profit...
Page 2091 - Income derived from any public utility or the exercise of any essential governmental function and accruing to a State or Territory, or any political subdivision thereof...
Page 1671 - ... with the Securities and Exchange Commission under the Investment Company Act of 1940, such reliance would constitute reasonable cause for purposes of this paragraph.
Page 1928 - Is accumulated and maintained by it a reserve required by State law or a reasonable reserve for any necessary purpose. Such an association may market the products of nonmembers In an amount the value of which does not exceed the value of the products marketed for members...
Page 1950 - In computing taxable income in the same manner as in the case of a cooperative organization not exempt under section 521. Such dividends, refunds, and rebates made after the close of the taxable year and on or before the 15th day of the 9th month following the close of such year...
Page 1712 - The taxable year of a partnership shall be determined as though the partnership were a taxpayer. A partnership may not change to, or adopt, a taxable year other than that of all its principal partners unless it establishes, to the satisfaction of the Secretary or his delegate, a business purpose therefor.
Page 1916 - manufacturer" includes a person who produces a taxable article from scrap, salvage, or junk material, as well as from new or raw material, (1) by processing, manipulating, or changing the form of an article, or (2) by combining or assembling two or more articles.