Tax Reform Hearings: Statements of Public Witnesses on the Subjects of Income Earned Abroad (U.S. Possession Corporations), Tax Simplication (sick Pay Exclusion, Retirement Income Credit, Military Moving Expenses, Disability Income), and Income Earned Abroad (individuals) |
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Page 2
... requirements , such as minimum wage requirements and re- quirements to use U.S. flagships in transporting goods between the United States and various possessions , which substantially increase the labor , transportation and other costs ...
... requirements , such as minimum wage requirements and re- quirements to use U.S. flagships in transporting goods between the United States and various possessions , which substantially increase the labor , transportation and other costs ...
Page 11
... dependent on petroleum from a single high cost for- -- eign source Venezuela . In the United States , 80 percent of total energy requirements is derived from domestic sources . D In 1974 , the cost of a barrel of petroleum 11.
... dependent on petroleum from a single high cost for- -- eign source Venezuela . In the United States , 80 percent of total energy requirements is derived from domestic sources . D In 1974 , the cost of a barrel of petroleum 11.
Page 15
... requirements are not eligible for the intercorporate dividends received deduction ( sec . 246 ( a ) ( 2 ) ( B ) ) . This deduction , however , is allowed if the cor- poration did not satisfy these requirements in the current and preced ...
... requirements are not eligible for the intercorporate dividends received deduction ( sec . 246 ( a ) ( 2 ) ( B ) ) . This deduction , however , is allowed if the cor- poration did not satisfy these requirements in the current and preced ...
Page 16
... requirements and requirements to use U.S. flagships in transporting goods between the United States and various posses- sions , " which substantially increase the labor , transportation and other costs of establishing business ...
... requirements and requirements to use U.S. flagships in transporting goods between the United States and various posses- sions , " which substantially increase the labor , transportation and other costs of establishing business ...
Page 20
... requirements to qualify as a WHTC . First , all of its business ( other than incidental purchases ) must be conducted in countries in North , Central or South 45 Thus , if a possessions corporation had losses before it clected to be ...
... requirements to qualify as a WHTC . First , all of its business ( other than incidental purchases ) must be conducted in countries in North , Central or South 45 Thus , if a possessions corporation had losses before it clected to be ...
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Common terms and phrases
39 weeks active duty allowance American amount annuity benefits career Chairman Committee Commonwealth of Puerto Congress consolidated return cost of living deduction disability pay disability retired pay domestic corporation Dominican Republic earnings economy election eligible employees employment excluded from gross EXHIBIT federal income tax fiscal Fleet Reserve Association Foreign Service funds gross income Honduras increase inequities inflation injuries or sickness Internal Revenue Code Internal Revenue Service manufacturing miles military disability retired military member military personnel military retired pay military retirees million moving expenses National overseas payments percent disability possessions corporation present law programs Puerto Rico receive reimbursements repeal retiree's retirement age retirement income credit Rico's Section 104 section 936 credit sick pay exclusion tax exemption tax laws Tax Reform title 26 trade or business U.S. Armed Forces U.S. tax Uniformed Services United States Code Veterans Administration voluntary agencies wage withholding tax
Popular passages
Page 28 - Section 223 (d) (1) (2) (3) defines disability as the inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months.
Page 27 - Gross income does not include amounts referred to in subsection (a) if such amounts constitute wages or payments in lieu of wages for a period during which the employee is absent from work on account of personal injuries or sickness; but this subsection shall not apply to the extent that such amounts exceed a weekly rate of $100.
Page 35 - ... amounts received as a pension, annuity, or similar allowance for personal injuries or sickness resulting from active service in the armed forces of any country or in the Coast and Geodetic Survey or the Public Health Service.
Page 15 - Indies, and which satisfies the following conditions : (1) if 95 percent or more of the gross income of such domestic corporation for the 3-year period immediately preceding the close of the taxable year (or for such part of such period...
Page 15 - ... possession of the United States; and ***** (3) If, in the case of such citizen, 50 per centum or more of his gross income (computed without the benefit of this section) for such period or such part thereof was derived from the active conduct of a trade or business within a possession of the United States either on his own account or as an employee or agent of another.
Page 43 - ... (4) amounts received as a pension, annuity, or similar allowance for personal injuries or sickness resulting from active service in the armed forces of any country...
Page 32 - To uphold and maintain the Constitution and the laws of the United States, to realize the true American ideals and aims for which those eligible to membership fought; to advance the interests and work for the betterment of all wounded, injured, and disabled American veterans; to cooperate with the United States Veterans...
Page 27 - Injuries or sickness, and amounts received as a pension, annuity, or similar allowance for personal Injuries or sickness resulting from active service In the armed forces of any country; (6) Ministers.
Page 29 - The ratings shall be based, as far as practicable, upon the average impairments of earning capacity resulting from such injuries in civil occupations...
Page 70 - Congress has power to raise and support armies; to provide and maintain a navy; to make rules for the government and regulation of the land and naval forces...