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

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U.S. Government Printing Office, 1935 - 403 pages
 

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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 2 - The transmission from generation to generation of vast fortunes by will, inheritance, or gift is not consistent with the ideals and sentiments of the American people.
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...
Page 213 - You do not in this bill fix the value of the estate at the time of the death of the owner as the value of the inheritance, do you?

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