Tax Evasion and Avoidance: Hearings Before the Joint Committee on Tax Evasion and Avoidance, Seventy-fifth Congress, First Session, Pursuant to Public Resolution No. 40, Seventy-fifth Congress, First Session, to Create a Joint Congressional Committee on Tax Evasion and Avoidance
U.S. Government Printing Office, 1937 - 440 pages
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actual additional Agent American amount answer appear assets attorney avoidance Bahamas believe Bureau Canada capital CHAIRMAN charge City claimed collected Commissioner HELVERING committee Congress connection COOPER corporation correct course created CROWTHER deduction Delaware Department device director dividends Dwight effect evasion examination fact filed foreign formed further give Government hearing included income tax individual interest Internal Revenue Investment IREY issued June KENT LEMING letter loan losses matter means names Nassau operation organized paid particular payment pension percent personal holding companies present president profits provisions question reason received record referred respect result returns saving Secretary MAGILL section 351 Securities Senator HARRISON Senator WALSH shares Special statement surtax taxable taxpayer thing tion TREADWAY Treasury true trust understand United VINSON York
Page 4 - Congress, to employ such experts, and such clerical, stenographic, and other assistants, to require by subpena or otherwise the attendance of such witnesses and the production of such correspondence, books, papers, and documents, to administer such oaths, to take such testimony, and to make such expenditures, as it deems advisable.
Page 152 - 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...
Page 4 - The provisions of sections 102 to 104, inclusive, of the Revised Statutes shall apply in case of any failure of any witness to comply with any subpena or to testify when summoned under authority of this subsection. (d) The committee is authorized to appoint and, without regard to the Classification Act of 1949, as amended, fix the compensation of such experts, consultants, technicians, and organizations thereof, and clerical and stenographic assistants as it deems necessary and advisable.
Page 111 - All interest paid or accrued within the taxable year on indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued after September 24, 1917, and originally subscribed for by the taxpayer) the interest upon which is wholly exempt from taxation under this title...
Page 334 - ... the stock owned, directly or indirectly, by or for his partner; (2) An individual shall be considered as owning the stockowned, directly or indirectly, by or for his family...
Page 153 - The family of an individual shall include only his brothers and sisters (whether by the whole or half blood), spouse, ancestors, and lineal descendants...
Page 152 - ... (18) Religious or apostolic associations or corporations, if such associations or corporations have a common treasury or community treasury, even if such associations or corporations engage in business for the common benefit of the members, but only if the members thereof include (at the time of filing their returns) in their gross income their entire pro rata shares, whether distributed or not, of the net income of the association or corporation for such year. Any amount so included in the gross...
Page 153 - Stock owned, directly or Indirectly, by or for a corporation, partnership, estate, or trust, shall be considered as being owned proportionately by or for Its shareholders, partners, or beneficiaries...
Page 154 - ... personal holding company income; and (2) STOCK OWNERSHIP REQUIREMENT. — At any time during the last half of the taxable year more than 50 per centum in value of its outstanding stock is owned, directly or indirectly, by or for not more than five individuals. (b) EXCEPTIONS. — The term "personal holding company...