Revenue Act of 1938: Hearings Before the Committee on Finance, United States Senate, Seventy-fifth Congress, Third Session, on H. R. 9682, an Act to Provide Revenue, Equalize Taxation and for Other Purposes. March 17, 18, 19, 21, and 22, 1938U.S. Government Printing Office, 1938 - 747 Seiten |
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amendment American amount apply assets Association basis bonds Canada capital gains capital losses capital-gains tax cents per pound CHAIRMAN College Congress corporations cost deduction distribution dividends domestic earnings effect elimination estate tax excise tax exemption fact Federal feldspar filled cheese first-out flat tax foreign gift tax Government House bill imports income tax income-tax increase individual industry inventory investment kapok last-in lumber MAGILL manufacturers Means Committee ment method National net income northern white pine Norway pine operating paid PAT HARRISON percent period personal holding companies pork proposed provisions purchase purpose railroads recommendation reduced repeal representing result Revenue Act securities seed selling Senator BROWN Senator CONNALLY Senator KING statement stockholders submitted surtax Tariff tax avoidance tax laws taxable taxation taxpayer tion trade Treasury Department undistributed-profits tax United University western white spruce York York City
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Seite 323 - If an exchange would be within the provisions of subsection (b) (1), (2), (3), or (5) of this section if it were not for the fact that the property received in exchange consists not only of property permitted by such paragraph to be received without the recognition of gain, but also of other property or money...
Seite 622 - Unfair methods of competition and unfair acts in the importation of articles into the United States, or in their sale by the owner, importer, consignee, or agent of either, the effect or tendency of which is to destroy or substantially injure an industry, efficiently and economically operated, in the United States...
Seite 643 - ... income shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency or possession thereof, or by any State, county, municipality or local taxing authority ; except that any real property of the corporation shall be subject to State, Territorial, county, municipal or local taxation to the same extent, according to its value, as other real property is taxed.
Seite 443 - Schools, and is on the approved list of the Section on Legal Education and Admissions to the Bar of the American Bar Association.
Seite 103 - P) if such corporation, however created or organized, is formed or availed of for the purpose of preventing the imposition of the surtax upon its shareholders or the shareholders of any other corporation, through the medium of permitting earnings or profits to accumulate instead of being divided or distributed...
Seite 46 - ... for the amount of distributions previously made which, under the law applicable to the year in which the distribution was made, either were tax-free or were applicable in reduction of basis...
Seite 642 - Any and all notes, debentures, bonds, or other such obligations issued by the corporation shall be exempt both as to principal and interest from all taxation (except surtaxes, estate, inheritance, and gift taxes) now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing authority.
Seite 323 - ... at least 80 per centum of the total combined voting power of all classes of stock entitled to vote and the owner of at least 80 per centum of the total number of shares of all other classes of stock...
Seite 413 - ... in an amount the value of which does not exceed the value of the supplies and equipment purchased for members, provided the value of the purchases made for persons who are neither members nor producers does not exceed 15 per centum of the value of all its purchases.
Seite 642 - The Corporation, including its franchise, its capital, reserves, and surplus, and its Income, shall IMexempt from all taxation now or hereafter Imposed by the United States, or by any Territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing authority; except...