Taxation of Exchanges and Distributions Pursuant to Antitrust Decrees: Hearing Before the Committee on Ways and Means, House of Representatives, Eighty-seventh Congress, First Session on Taxation of Exchanges and Distributions Pursuant to Antitrust Decrees, August 24, 1961U.S. Government Printing Office, 1961 - 490 pages |
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acquisition amended amici amici curiae amount antitrust divestiture antitrust laws appellant appellees basis BOGGS BYRNES capital gains tax CHAIRMAN Christiana and Delaware Clayton Act committee common stock Congress court of equity Department of Justice distributing corporation distribution of stock District Court divested stock divestiture decree E. I. du Pont effect enacted equity eral Motors exchange fair market value Federal Trade Commission Government Government's GREENEWALT Hartford-Empire Co hearing holders Holding Company Act impact income tax interest Internal Revenue Code International Salt Co investment investors legal title legislation market price Mason bill ment Motors shares Motors stock OBERDORFER offer ordinary income percent period Pont common Pont de Nemours Pont shareholders Pont shares Pont stock Pont stockholders Pont's present law problem provisions remedy result Section 11 sell Sherman Act sold statute stock distributed substantial Supp Supreme Court tax consequences tax laws taxable tion trust United violation voting rights
Popular passages
Page 179 - That no corporation engaged in commerce shall acquire, directly or indirectly, the whole or any part of the stock or other share capital of another corporation engaged also in commerce, where the effect of such acquisition may be to substantially lessen competition between the corporation whose stock is so acquired and the corporation making the acquisition, or to restrain such commerce in any section or community, or tend to create a monopoly of any line of commerce.
Page 435 - Board shall state its findings of fact and shall issue and cause to be served on such person an order requiring such person to cease and desist from such unfair labor practice, and to take such affirmative action including reinstatement of employees with or without back pay, as will effectuate the policies of this Act...
Page 443 - The person, partnership, or corporation so complained of shall have the right to appear at the place and time so fixed and show cause why an order should not be entered by the commission requiring such person, partnership, or corporation to cease and desist from the violation of the law so charged in said complaint.
Page 434 - ... shall make a report in writing in which it shall state its findings as to the facts, and shall issue and cause to be served on such person...
Page 453 - The several circuit courts of the United States are hereby invested with jurisdiction to prevent and restrain violations of this act; and it shall be the duty of the several district attorneys of the United States, in their respective districts, under the direction of the Attorney General, to institute proceedings in equity to prevent and restrain such violations.
Page 362 - This section shall not apply to corporations purchasing such stock solely for investment and not using the same by voting or otherwise to bring about, or in attempting to bring about, the substantial lessening of competition. Nor shall anything contained in this section prevent a corporation engaged in commerce from causing the formation of subsidiary corporations for the actual carrying on of their immediate lawful business, or the natural and legitimate branches or extensions thereof...
Page 117 - ... at least 80 percent of the total combined voting power of all classes of stock entitled to vote, and at least 80 percent of the total number of shares of all other classes of stock (except nonvoting stock which is limited and preferred as to dividends...
Page 454 - Commission that a proceeding by it in respect thereof would be to the interest of the public, it shall issue and serve upon such person, partnership, or corporation a complaint stating its charges in that respect, and containing a notice of a hearing upon a day and at a place therein fixed at least thirty days after the service of said complaint.
Page 218 - Jurisdiction is retained for the purpose of enabling any of the parties to this Final Judgment to apply to this Court at any time for such further orders and directions as may be necessary or appropriate for the construction or carrying out of this Final Judgment, or the modification or termination of any of the provisions thereof or for the enforcement of compliance therewith or for the punishment of violations thereof.
Page 455 - After the expiration of the time allowed for filing a petition for review, If no such petition has been duly filed within such time...