Notes on the Revenue Act of 1918, Volumes 1-2United States. Department of the Treasury, United States. Congress. House. Committee on Ways and Means U.S. Government Printing Office, 1919 - 188 pages |
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Page 5
... tion , " " corporation partnership , " or " private company . " It might also be expedient to require , if the proposed extension of this class were made , the principal stockholders to own a stipulated proportion of the stock , say 85 ...
... tion , " " corporation partnership , " or " private company . " It might also be expedient to require , if the proposed extension of this class were made , the principal stockholders to own a stipulated proportion of the stock , say 85 ...
Page 6
... tion , and those very large corporations whose stockholders are widely scattered and are in many respects investors rather than owners . It is suggested that the tax law should follow more closely this funda- mental economic distinction ...
... tion , and those very large corporations whose stockholders are widely scattered and are in many respects investors rather than owners . It is suggested that the tax law should follow more closely this funda- mental economic distinction ...
Page 7
... tion and ( 2 ) in which the number of stockholders not regularly devoting their chief time and attention to the active conduct of its affairs does not exceed ten ; Section 202. Gain or loss from exchange of property . Subdivision ( b ) ...
... tion and ( 2 ) in which the number of stockholders not regularly devoting their chief time and attention to the active conduct of its affairs does not exceed ten ; Section 202. Gain or loss from exchange of property . Subdivision ( b ) ...
Page 8
... tion , amortization , and other like purposes , be treated as taking the place of the property exchanged when the change is merely in form and not in substance : ( 1 ) The market value of the property received can not in the opin- ion ...
... tion , amortization , and other like purposes , be treated as taking the place of the property exchanged when the change is merely in form and not in substance : ( 1 ) The market value of the property received can not in the opin- ion ...
Page 15
... tion or loss would have been to take such a large proportion of the amount received for the vessel that , although the owner desired to replace the same , the taking of the tax by the Government would have made it impossible in ...
... tion or loss would have been to take such a large proportion of the amount received for the vessel that , although the owner desired to replace the same , the taking of the tax by the Government would have made it impossible in ...
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Common terms and phrases
1918 by adding accrued act of August act of October affirmed amendment in substantially assessment Baltic Mining Co bank bonds capital stock cent centum collected collector of internal Commissioner of Internal company or association computing construed corporation tax act dealer December 17 deduction distilling District of Columbia dividends drugs exceed excise tax exempt following form gross income hereby Herold income tax indebtedness insurance company interest Internal Revenue internal-revenue issued Jin Fuey Moy joint-stock company lease lessee lessor liable manufacture Maryland Casualty Co McCoach mutual net income officers opium organized paragraph partnership payment penalty person policyholder premium profits purchaser purpose received required by law reserve funds Revenue Act Revised Statutes section 38 section 904 sell sixteenth amendment sold special tax stamp tax stock company stockholders subdivision subject to tax substantially the following suggested tax imposed taxable taxation taxpayer thereof tion Treasury United
Popular passages
Page 94 - July, eighteen hundred and ninety-eight, there shall be levied, collected, and paid, for and in respect of the several bonds, debentures, or certificates of stock and of indebtedness, and other documents, instruments, matters, and things mentioned and described in Schedule A...
Page 11 - The amount received by the insured as a return of premium or premiums paid by him under life insurance, endowment, or annuity contracts, either during the term or at the maturity of the term mentioned in the contract or upon surrender of the contract; (3) The value of property acquired by gift, bequest, devise, or descent (but the income from such property shall be included in gross income...
Page 39 - Except in the case of taxpayers who are abroad, no such extension shall be for more than six months.
Page 116 - Act by providing for the registration and the imposition of a special tax upon all persons in the Canal Zone who produce, import, compound, deal in, dispense, sell, distribute, or give away opium or coca leaves, their salts, derivatives, or preparations.
Page 65 - All persons, in whatever capacity acting, including lessees or mortgagors of real or personal property, fiduciaries, employers, and all officers and employees of the United States, having the control, receipt,. custody, disposal, or payment...
Page 129 - Columbia, shall be subject to pay annually a special excise tax with respect to the carrying on or doing business...
Page 118 - ... preparations which contain cocaine or any of its salts or alpha or beta eucaine or any of their salts or any synthetic substitute for them...
Page 67 - Fraternal beneficiary societies, orders, or associations, (A) operating under the lodge system or for the exclusive benefit of the members of a fraternity itself operating under the lodge system; and (B) providing for the payment of life, sick, accident, or other benefits to the members of such society, order, or association or their dependents...
Page 125 - The amount so added to any tax shall be collected at the same time and in the same manner and as...
Page 119 - Provided further, That it shall not be necessary to negative any of the aforesaid exemptions in any complaint, information, indictment, or other writ or proceeding laid or brought under this Act; and the burden of proof of any such exemption shall be upon the defendant.