The accumulated earnings tax Imposed by section 531 shall apply to every corporation (other than those described In subsection (b) ) formed or availed of for the purpose of avoiding the Income tax with respect to Its shareholders or the shareholders of... Reports of the Tax Court of the United States - Page 479by United States. Tax Court - 1973Full view - About this book
| 1974 - 484 pages
...accumulated earnings tax. SEC. 632. Corporations subject to accumulated earnings tax — (a) General rule. The accumulated earnings tax Imposed by section 531...described In subsection (b) > formed or availed of lor the purpose of avoiding the Income tax with respect to Its shareholders or the shareholders ol... | |
| United States. Internal Revenue Service - 1968 - 1034 pages
...1966 Federal income tax return filed by a corporate taxpayer, it was determined that the taxpayer was availed of for the purpose of avoiding the income tax with respect to its shareholders by permitting earnings and profits to accumulate instead of being divided or distributed in the taxable... | |
| United States. Congress. Senate. Committee on Finance - 1954 - 524 pages
...the income tax with respect to its corporate shareholder. To eliminate this uncertainty the phrase "with respect to its shareholders or the shareholders of any other corporation" in section 532 (a) should be amended to read: "with respect to its individual shareholders or the individual... | |
| United States. Congress. Senate. Committee on Finance - 1954 - 1472 pages
...the income tax with respect to its corporate shareholder. To eliminate this uncertainty the phrase "with respect to its shareholders or the shareholders of any other corporation" in section 532 (a) should be amended to read : "with respect to its individual shareholders or the... | |
| United States. Congress. Senate. Committee on Finance - 1962 - 1080 pages
..."The accumulated earnings tax imposed by section 531 shall apply to every corporation • * * formed or availed of for the purpose of avoiding the income tax with respect to its shareholders * * * by permitting earnings and profits to accumulate instead of being divided or distributed * *... | |
| United States. Congress. Senate. Select Committee on Small Business - 1962 - 494 pages
...Investment Act of 1958, from the tax on accumulated earnings. This tax applies to a corporation formed or availed of for the purpose of avoiding the income tax with respect to its shareholders by permitting earnings and profits to accumulate instead of being divided or distributed. Although... | |
| United States. Congress. Senate - 1964 - 922 pages
...evidence that a corporation which distributes or invests 60 percent of its taxable income is not being availed of for the purpose of avoiding the income tax with respect to shareholders; to the Committee on Finance. 150 Alken Pulbrlght Anderson Qore Bayh Gruenlng Bennett... | |
| United States. Congress. House. Committee on Ways and Means - 1965 - 800 pages
...law upon accumulations of income by businesses become operative only where a corporation is "formed or availed of for the purpose of avoiding the income tax with respect to its shareholders"; where the shareholders of the business are themselves tax exempt, the limitations may not apply. Similarly,... | |
| United States. Congress. Senate. Committee on Finance - 1965 - 118 pages
...law upon accumulations of income by businesses become operative only where a corporation is "formed or availed of for the purpose of avoiding the income tax with respect to its shareholders"; where the shareholders of the business are themselves tax exempt, the limitations may not apply. Similarly,... | |
| United States. Congress. House. Select Committee on Small Business - 1967 - 1298 pages
...lav; upon accumulations of income by businesses become rpsmtive'" only where a corporation is "formed or availed of for the purpose of avoiding the income tax with respect to its shareholders'' r where the shareholders of the business are themselves tax exempt, the limitations may not apply.... | |
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