Tax Revision Compendium: Compendium of Papers on Broadening the Tax Base, Volume 3 |
From inside the book
Results 1-5 of 88
Page 1587
... surplus.12 Thus as a final conclusion with respect to equity considerations , I believe that increased corporate income taxation has left stockholders no worse off , since aftertax corporate rates of return have been main- tained in ...
... surplus.12 Thus as a final conclusion with respect to equity considerations , I believe that increased corporate income taxation has left stockholders no worse off , since aftertax corporate rates of return have been main- tained in ...
Page 1633
... surplus and loss carryforwards , which are compara- tively rare and leave distinct tracks on the face of the return , potentially collapsible situations are more common , particularly in moderate - bracket returns , and can be ...
... surplus and loss carryforwards , which are compara- tively rare and leave distinct tracks on the face of the return , potentially collapsible situations are more common , particularly in moderate - bracket returns , and can be ...
Page 1639
... surplus while the stock is owned should be taxed at ordinary income rates , with a spreading device to mitigate the effect of progression . This solution presents formidable adminis- trative difficulties in the case of listed stock ...
... surplus while the stock is owned should be taxed at ordinary income rates , with a spreading device to mitigate the effect of progression . This solution presents formidable adminis- trative difficulties in the case of listed stock ...
Page 1687
... surplus in corporations controlled by taxpayers with large incomes is encouraged by the present freedom of undistributed corporate income from surtaxes . Since stockholders are the beneficial owners of both distributed and undistributed ...
... surplus in corporations controlled by taxpayers with large incomes is encouraged by the present freedom of undistributed corporate income from surtaxes . Since stockholders are the beneficial owners of both distributed and undistributed ...
Page 1769
... surplus , undivided profits , and reserves were less than 10 percent of deposits at the end of the taxable year . The conference committee agreed to the present pro- vision , which is based on reserves of 12 percent of deposits , and ...
... surplus , undivided profits , and reserves were less than 10 percent of deposits at the end of the taxable year . The conference committee agreed to the present pro- vision , which is based on reserves of 12 percent of deposits , and ...
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.