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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Page 342 - ... 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 316 - The income that is subject to a man's unfettered command and that he is free to enjoy at his own option may be taxed to him as his income, whether he sees fit to enjoy it or not.
Page 94 - Indebtedness, except on Indebtedness Incurred or continued to purchase or carry obligations (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 the taxes Imposed by this chapter.
Page 157 - 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 157 - The fact that any corporation is a mere holding or investment company, or that the gains or profits are permitted to accumulate beyond the reasonable needs of the business, shall be prima facie evidence of a purpose to escape the surtax.
Page 264 - We cannot too often reiterate that "taxation is not so much concerned with the refinements of title as it is with actual command over the property taxed— the actual benefit for which the tax is paid.
Page 413 - All of the subscribers to this certificate are of full age ; at least two-thirds of them are citizens of the United States...
Page 157 - The fact. that any corporation is a mere holding company, or that the gains and profits are permitted to accumulate beyond the reasonable needs of the business, shall be prima facie evidence of a purpose to escape the surtax...