The Internal Revenue Code of 1954: Hearings Before the Committee on Finance, United States Senate, Eighty-third Congress, Second Session, on H.R. 8300, an Act to Revise the Internal Revenue Laws of the United States, Parte2U.S. Government Printing Office, 1954 - 2443 páginas |
Términos y frases comunes
25 percent 50 percent abroad adjusted basis allowed amendment American amount April 12 assets basis believe benefits bill building capital gains CHAIRMAN compensation Congress corporate tax cost December 31 deduction depreciation disability discrimination discriminatory distribution dividends received domestic corporation double taxation earnings economic effect expenses families Federal income taxes foreign corporation foreign country foreign tax credit Government gross income income-tax increase individual insurance companies Internal Revenue Code Internal Revenue Service investment key employees LIFO limitation loss Means Committee ment million National operations paid pension persons preferred stock present law production profit-sharing profits progressive tax proposed provisions purchasing power purposes qualify regular employees retirement REUTHER section 923 sections 34 securities Senate Finance Committee Senator BENNETT shareholders statement stockholders substantial tax exempt tax rate tax reduction taxpayer tion trade or business Treasury trust United
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Página 723 - ... such security, for an adequate and full consideration in money or money's worth, if at the time of such mortgage, pledge, or purchase such mortgagee, pledgee, or purchaser is without notice or knowledge of the existence of such lien. "(2) DEFINITION OF SECURITY. As used in this subsection, the term "security...
Página 752 - Retirement income — (a) General rule. In the case of an Individual who has received earned Income before the beginning of the taxable year, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to the amount received by such Individual as retirement income (as defined in subsection (c) and as limited by subsection (d)), multiplied by the rate provided in section 1 for the first $2,000 of taxable Income...
Página 722 - In the office of the clerk of the United States district court for the judicial district In which the property subject to the lien Is situated...
Página 874 - States, upon or with respect to the accumulated profits of such foreign corporation from which such dividends were paid, which the amount of...
Página 723 - Disclosure of amount of outstanding lien. If a notice of lien has been filed under subsection (a), the Secretary or his delegate is authorized to provide by rules or regulations the extent to which, and the conditions under which, information as to the amount of the outstanding obligation secured by the lien may be disclosed.
Página 744 - ... upon the net income of every insurance company (other than a life or mutual insurance company) a tax as follows: (1) In the case of such a domestic insurance company the same percentage of its net income as is imposed upon other corporations by section 230...
Página 914 - ... 6 months into other property or money, exceed the recognized losses from such sales, exchanges, and conversions, such gains and losses shall be considered as gains and losses from sales or exchanges of capital assets held for more than 6 months. If such gains do not exceed such losses, such gains and losses shall not be considered as gains and losses from sales or exchanges of capital assets.
Página 873 - For the purposes of this section a domestic corporation which owns a majority of the voting stock of a foreign corporation from which it receives dividends in any taxable year shall be deemed to have paid the same proportion of any income, war-profits, or excess-profits taxes paid by such foreign corporation to any foreign country...
Página 983 - As used in this subsection, the term "security" means any bond, debenture, note, or certificate or other evidence of indebtedness, issued by any corporation (Including one Issued by a government or political subdivision thereof) , with Interest coupons or in registered form...
Página 771 - I wish to thank the chairman and members of the committee for the courtesies they may extend to my citizens who are up here today to testify.