Tax Reform (Administration and Public Witnesses), Public Hearings Before ... , 94-1 ... |
From inside the book
Results 1-5 of 100
Page 1655
... earnings tax free . The committee felt that these basic changes would " provide for a more efficient system for exemption of possessions corporations . ” Id . st . 170 . For the convenience of the committee , we attach a copy of the per ...
... earnings tax free . The committee felt that these basic changes would " provide for a more efficient system for exemption of possessions corporations . ” Id . st . 170 . For the convenience of the committee , we attach a copy of the per ...
Page 1663
... earnings from businesses conducted in a pos- session , but also avoid U.S. tax on the income obtained from reinvesting their business earnings abroad . Your committee after studying the problem concluded that it is inappropriate to ...
... earnings from businesses conducted in a pos- session , but also avoid U.S. tax on the income obtained from reinvesting their business earnings abroad . Your committee after studying the problem concluded that it is inappropriate to ...
Page 1666
... earnings out of which the dividends were paid were accumulated . ESTADO LIBRE ASOCIADO DE PUERTO RICO , ADMINISTRATION DE FOMENTO ECONOMICO , San Juan , P.R. , July 15 , 1975 . CERTIFICATION During the fiscal year 1974-75 , 168 new ...
... earnings out of which the dividends were paid were accumulated . ESTADO LIBRE ASOCIADO DE PUERTO RICO , ADMINISTRATION DE FOMENTO ECONOMICO , San Juan , P.R. , July 15 , 1975 . CERTIFICATION During the fiscal year 1974-75 , 168 new ...
Page 1678
... earnings and profits provided in sections 1248 ( d ) ( 1 ) ( income previously included under sec-- tion 951 ) , 1248 ( d ) ( 3 ) ( earnings and profits of a less developed country corpo- ration ) , and 1248 ( d ) ( 5 ) ( qualified U.S. ...
... earnings and profits provided in sections 1248 ( d ) ( 1 ) ( income previously included under sec-- tion 951 ) , 1248 ( d ) ( 3 ) ( earnings and profits of a less developed country corpo- ration ) , and 1248 ( d ) ( 5 ) ( qualified U.S. ...
Page 1679
... earnings , the domestic corporation might become a personal holding company , even though it would not have been a personal holding company had the foreign corporation's earnings been distributed as earned . This problem , present in a ...
... earnings , the domestic corporation might become a personal holding company , even though it would not have been a personal holding company had the foreign corporation's earnings been distributed as earned . This problem , present in a ...
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Common terms and phrases
abroad allowed American amount Association average balance of payments benefits billion Catholic Relief Services Chairman Committee competitive Congress cost deduction deferral depreciation disability DISC provisions dividends dollar domestic drilling earnings economic effect electric utilities elimination employment energy equity exemption Federal financing foreign income foreign investment foreign source income foreign subsidiaries foreign tax credit funds impact income tax increase industry inflation Internal Revenue Code Internal Revenue Service investment tax credit investors limitation manufacturing ment military minimum tax National natural gas oil and gas operations overall overseas percent percentage depletion petroleum problem production profits proposals Puerto Rico rate of return reduce repeal result retired pay return on equity statement tax haven tax laws tax rate tax reform tax treaties tax treatment taxation taxpayer tion trade Treasury U.S. companies U.S. exports U.S. tax United withholding tax
Popular passages
Page 1700 - 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 1702 - 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 1707 - ... 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 1667 - ... 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 1664 - 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 1712 - INTRODUCTION Mr. Chairman and members of this distinguished Committee. I am Robert W. Nolan. National Executive Secretary of the Fleet Reserve Association. The...
Page 1892 - US Department of Commerce, Bureau of Economic Analysis - National Income and Product Accounts...
Page 2053 - ... 3. In the determination of the profits of a permanent establishment, there shall be allowed as deductions expenses which are incurred for the purposes of the permanent establishment including executive and general administrative expenses so incurred, whether in the State in which the permanent establishment is situated or elsewhere.
Page 1932 - Secretary or his delegate, the tax may be abated, remitted, or refunded if after the transfer it has been established to the satisfaction of the Secretary or his delegate that such transfer was not in pursuance of a plan having as one of its principal purposes the avoidance of Federal income taxes.
Page 1678 - It has been established to the satisfaction of the Secretary or his delegate that such exchange Is not In pursuance of a plan having as one of Its principal purposes the avoidance of Federal Income taxes.