President's Tax Message Along with Principal Statement, Detailed Explanation, and Supporting Exhibits and Documents: Submitted by the Secretary of the Treasury Douglas Dillon, in Connection with the President's Recommendations Contained in His Message on Taxation at Hearings Conducted by Committee on Ways and Means, House of Representatives, May 3, 1961United States. President (1961-1963 : Kennedy), United States. Congress. House. Committee on Ways and Means U.S. Government Printing Office, 1961 - 295페이지 |
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abroad accelerated depreciation adjusted allocations amortization annual apply assets basis business expense business gifts capital gain casualty insurance claimed deductions totaling computation controlled foreign corporation cooperative cost December 31 DEDUCTIONS FOR ENTERTAINMENT deferral privilege depreciation allowances disallowed distributed dividend credit dividends and interest dividends received earnings before tax effective ENTERTAINMENT AND RELATED entertainment expenses estimated example excess expenditures expense account extra burden firms foreign corporation foreign investment company foreign subsidiary foreign tax gross income incentive increase individual information documents interest and dividends Interest paid Internal Revenue Service investment credit million Office of Tax ordinary income patron patronage dividends payer payments plant and equipment present law profits proposal purchases recommended refund residence result revenue loss scrip shareholders stockholder Table Tax Analysis tax credit tax deferral tax haven tax rate tax returns tax treatment taxable taxpayer tion Treasury Department TYPE U.S. tax Venezuela withholding Yacht
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78 페이지 - ... (2) General rule. — If, during the taxable year, the recognized gains upon sales or exchanges of property used in the trade or business, plus the recognized gains from the compulsory or involuntary conversion (as a result of destruction in whole or in part, theft or seizure, or an exercise of the power of requisition or condemnation or the threat or imminence thereof...
80 페이지 - ... (3) Certain tax-free transactions. If the basis of property in the hands of a transferee is determined by reference to its basis in the hands of the transferor by reason of the application of section 332...
59 페이지 - ... registered with the Securities and Exchange Commission under the Investment Company Act of 1940 as a management company or as a unit investment trust.
79 페이지 - September 12, 1966, to another person in a transaction as a result of which the basis of such property in the hands of the transferee is determined by reference to the basis in the hands of the transferor...
79 페이지 - However, no gain or loss is recognized if property held for productive use in a trade or business or for investment is exchanged for property of a "like-kind" which is to be held for productive use in a trade or business or for investment (sec.
273 페이지 - ... be filed on or before the 15th day of the ninth month following the close of the contracting party's income-taxable year.
12 페이지 - Some of the most important types of private savings and lending institutions In the country are accorded tax deductible reserve provisions which substantially reduce or eliminate their Federal income tax liability. These provisions should be reviewed with the aim of assuring nondiscriminatory treatment...
6 페이지 - The undesirability of continuing deferral is underscored where deferral has served as a shelter for tax escape through the unjustifiable use of tax havens such as Switzerland. Recently more and more enterprises organized abroad by American firms have arranged their corporate structures - aided by artificial arrangements between parent and subsidiary regarding intercompany pricing, the transfer of patent licensing rights, the shifting of management fees, and similar practices which maximize the accumulation...
237 페이지 - Certain it is that entertaining by business In this country is now itself big business. Some companies are more widely known for their parties than they are for their products. The occasions for business entertainment range all the way from two for lunch in the executive dining room to several thousand in the ballroom of the big hotel, with name bands, and orchids flown in from Hawaii for the ladies. "Gone are the days when a salesman occasionally wined and dined his favorite customer, or perhaps...
10 페이지 - This is a matter of national concern, affecting not only our public revenues, our sense of fairness, and our respect for the tax system, but our moral and business practices as well.