Revenue Act of 1935: Hearings Before the Committee on Finance, United States Senate, Seventy-fourth Congress, First Session, on H. R. 8974, an Act to Provide Revenue, Equalize Taxation, and for Other Purposes, July 30-31, August 1-2, 6-8, 1935
U.S. Government Printing Office, 1935 - 403 pages
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ability actual addition administration allowed American amount apply assets Association average basis bill capital capital stock CHAIRMAN committee companies Congress considered corporation income corporations cost course death distribution dividends dollars earnings economic effect enterprise entire estate tax estimate excess excess-profits tax exemption existing expenses fact Federal figures finance gift give going Government graduated holding House imposed income tax increase individual industry inheritance tax interest invested JACKSON less losses manufacturing mean million operating paid PARKER percent practically present President principle proceeds produce profits proposed question raise reason received reduce reference reported represent result revenue Secretary securities Senator GORE Senator King statement stockholders suggested surtax taxation taxpayer tion Treasury United wealth York
Page 141 - An Individual shall be considered as owning the stock owned, directly or indirectly, by or for his family or by or for his partner.
Page 255 - ... (b) The tax shall apply whether the transfer is in trust or otherwise, whether the gift is direct or indirect, and whether the property is real or personal...
Page 4 - ... which might technically qualify as a small concern even though all were in fact operated as a single organization. The most effective method of preventing such evasions would be a tax on dividends received by corporations.
Page 215 - The committee will take a recess until tomorrow morning at 10 o'clock. (Whereupon, at 11 :51 am, the subcommittee adjourned, to reconvene at 10 am, Wednesday, July 1, 1959.
Page 140 - ... in value of its outstanding stock is owned, directly or indirectly, by or for not more than five individuals.
Page 136 - That such distribution has been made to or for the benefit of such persons in proportion to the par value of the shares of stock of the corporation owned by each...
Page 136 - ... which the par value of the shares of stock of the corporation owned on the last day of the taxable year by (1...
Page 136 - Act, 1922, a credit of an amount equal to the proportion of the net income derived from sources within China (determined in a similar manner to that provided in section...