Statistics of Income, 1962, Supplemental Report: Foreign Income and Taxes Reported on Corporation Income Tax Returns, with Accounting Periods Ended July 1961-June 1962 ...U.S. Government Printing Office, 1969 - 263 pages |
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Common terms and phrases
Africa African countries allied products Amount Thousand dollars assets Net profit British West Indies business not allocable controlled foreign corporations corporation returns corporation Thousand dollars country of incorporation deduction deemed paid Dividends Dominican Republic Fabricated metal Foreign income taxes foreign tax credit Geographic area Hemisphere trade corporation income from foreign INCOME SUBJECT income taxes kindred products Kuwait Latin America lessors of real Liberia major industrial group Manufacturing mining Nature of business Netherlands Antilles Number of foreign Number of returns Oceania paid or accrued paid to domestic percent porations Prior profit before taxes PROFIT OR LOSS Puerto Rico real estate refining and related retail trade sanitary services SELECTED COUNTRY SELECTED MAJOR INDUSTRIAL SUBSIDIARIES Table tax before credits TAX CREDIT CLAIMED taxes Net loss taxes paid Thousand Thousand dollars transportation equipment U. S. income tax U. S. Possessions Venezuela West Germany Western Hemisphere Western Hemisphere trade Wholesale and retail
Popular passages
Page 230 - permanent establishment" when used with respect to an enterprise of one of the Contracting Parties means a branch, management, factory or other fixed place of business, but does not include an agency unless the agent has, and habitually exercises, a general authority to negotiate and conclude contracts on behalf of such enterprise or has a stock of merchandise from which he regularly fills...
Page 254 - In the case of a citizen of the United States and of a domestic corporation, the amount of any income, warprofits, and excess-profits taxes paid or accrued during the taxable year to any foreign country or to any possession of the United States; and (2) RESIDENT OF THE UNITED STATES.
Page 254 - For the purposes of this section, a domestic corporation which owns a majority of the voting stock of a foreign corporation from which it receives dividends...
Page 92 - Lumber and wood products, except furniture . Furniture and fixtures Paper and allied products ... Printing, publishing, and allied industries...
Page 254 - Commissioner as a condition precedent to the allowance of this credit may require the taxpayer to give a bond with sureties satisfactory to and to be approved by the Commissioner...
Page 250 - At any time during the last half of the taxable year more than 50 percent in value of its outstanding stock is owned, directly or indirectly, by or for not more than 5 individuals.
Page 247 - Section 167 (a) provides that a reasonable allowance for the exhaustion, wear and tear, and obsolescence of property used in the trade or business or of property held by the taxpayer for the production of income shall be allowed as a depreciation deduction.
Page 254 - The amount of the credit taken under this section shall be subject to each of the following limitations : (1) The amount of the credit in respect of the tax paid or accrued to any country shall not exceed the same proportion of the tax against which such credit is taken, which the taxpayer's net income from sources within such country bears to his entire net income for the same taxable year...
Page 254 - Such choice for any taxable year may be made or changed at any time before the expiration of the period prescribed for making a claim for credit or refund of the tax imposed by this chapter for such taxable year.
Page 250 - If this section had not been enacted; and (2) A partial tax computed on the income of the life Insurance department determined without regard to any items of gross income or deductions not properly allocable to such department, at the rates and In the manner provided In subchapter L (sec. 801 and following) with respect to life Insurance companies.