Tax Reform (Administration and Public Witnesses), Public Hearings Before ... , 94-1 ... |
From inside the book
Results 1-5 of 100
Page 1665
... limitation on the amount of allowable tax credits ( under sec . 904 of the Code ) . " The credit provided for under ... limiting fraction ( provided in sec . 904 ) are to be calenlated without regard to the taxable income for which a ...
... limitation on the amount of allowable tax credits ( under sec . 904 of the Code ) . " The credit provided for under ... limiting fraction ( provided in sec . 904 ) are to be calenlated without regard to the taxable income for which a ...
Page 1666
... limitation on the section 901 foreign tax credit ( sec . 904 of the Code ) . The amendments made by this section establishing a new section 936 foreign tax credit for certain possessions income applies to taxable years beginning after ...
... limitation on the section 901 foreign tax credit ( sec . 904 of the Code ) . The amendments made by this section establishing a new section 936 foreign tax credit for certain possessions income applies to taxable years beginning after ...
Page 1671
... limitation in the land tenure of corporations in Puerto Rico to 500 acres . That was a Federal law . That provision was never placed into effect by the government until 1940 , as was indicated by the Secretary , when this new movement ...
... limitation in the land tenure of corporations in Puerto Rico to 500 acres . That was a Federal law . That provision was never placed into effect by the government until 1940 , as was indicated by the Secretary , when this new movement ...
Page 1682
... limiting the definition of qualified possessions source investment income more narrowly than would the usual source ... limitation would amount to imposing the additional require- ment that the funds be invested on a long - term basis ...
... limiting the definition of qualified possessions source investment income more narrowly than would the usual source ... limitation would amount to imposing the additional require- ment that the funds be invested on a long - term basis ...
Page 1683
... limitation on foreign tax credits that is required generally by other provisions of the Bill . However , this treatment is inconsistent with the allowance of the hypothetical credit which is in the nature of a per - country credit ...
... limitation on foreign tax credits that is required generally by other provisions of the Bill . However , this treatment is inconsistent with the allowance of the hypothetical credit which is in the nature of a per - country credit ...
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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.