| United States. Congress - 1924 - 1048 pages
...divided or distributed, and the fact that any such corporation, joint-stock company, or association is a mere holding company or that the gains and profits...of the business shall be prima facie evidence of a fraudulent purpose to escape such a tax ; but the fact that the gains and profits arc in any case permitted... | |
| Philippines - 1987 - 284 pages
...••••••• (c) Evidence determinative of purpose. — The fact that the earnings of profits of a corporation are permitted to accumulate beyond the reasonable needs of the business shall be determinative of the purpose to avoid the tax upon its shareholders or members unless the corporation,... | |
| Vandegrift, F.B., & Co - 1913 - 1012 pages
...divided or distributed; and the fact that any such corporation, joint-stock company, or association, is a mere holding company, or that the gains and profits...of the business shall be prima facie evidence of a fraudulent purpose to escape such tax; but the fact that the gains and profits are in any case permitted... | |
| Downing, R. F., & co - 1913 - 686 pages
...divided or distributed; and the fact that any such corporation, joint-stock company, or association, Is a mere holding company, or that the gains and profits...of the business shall be prima facie evidence of a fraudulent purpose to escape such tax; but the fact that the gains and profits are in any case permitted... | |
| Old Colony Trust Company (Boston, Mass.) - 1913 - 64 pages
...divided or distributed; and the fact that any such corporation, joint stock company, or association, is a mere holding company, or that the gains and profits...of the business shall be prima facie evidence of a fraudulent purpose to escape such tax; but the fact that the gains and profits are in any case permitted... | |
| George Fox Tucker - 1913 - 292 pages
...divided or distributed; and the fact that any such corporation, joint stock company, or association, is a mere holding company, or that the gains and profits...of the business shall be prima facie evidence of a fraudulent purpose to escape such tax; but the fact that the gains and profits are in any case permitted... | |
| United States - 1913 - 454 pages
...divided or distributed; and the fact that any such corporation, joint-stock company, or association, is a mere holding company, or that the gains and profits...of the business shall be prima facie evidence of a fraudulent purpose to escape such tax; but the fact that the gains and profits are in any case permitted... | |
| United States - 1913 - 660 pages
...divided or distributed; and the fact that any such corporation, joint-stock company, or association, is a mere holding company, or that the gains and profits...beyond the reasonable needs of the business shall be priina facie evidence of a fraudulent purpose to escape such tax; but the fact that the gains and profits... | |
| Albert Henry Walker - 1913 - 126 pages
...such corporation, joint stock company or association, is a mere holding company, or the fact that its gains and profits are permitted to accumulate beyond...needs of the business, shall be prima facie evidence 22 of a fraudulent purpose to enable its stockholders to escape the "additional income tax" which they... | |
| United States - 1914 - 1382 pages
...divided or distributed; and the fact that any such corporation, joint-stock company, or association, is a mere holding company, or that the gains and profits...of the business shall be prima facie evidence of a fraudulent purpose to escape such tax ; but the fact that the gains and profits are in any case permitted... | |
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