Revenue to Defray War Expenses: Hearings & Briefs... on H.R. 4280U.S. Government Printing Office, 1917 - 665 pages |
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Page 1
... dividends , and that is the only feature to which I will address myself . The committee will remember that the provision subjecting stock dividends , so called , to the income tax first appears in the act of September 8 , 1916. Prior to ...
... dividends , and that is the only feature to which I will address myself . The committee will remember that the provision subjecting stock dividends , so called , to the income tax first appears in the act of September 8 , 1916. Prior to ...
Page 2
... dividends to taxation . The ground of our opposition is that a stock dividend is not a dividend after all , and that a success- ful attempt to levy a tax upon a stock dividend would be , in effect , to tax capital ; would be , in effect ...
... dividends to taxation . The ground of our opposition is that a stock dividend is not a dividend after all , and that a success- ful attempt to levy a tax upon a stock dividend would be , in effect , to tax capital ; would be , in effect ...
Page 3
... dividend , because he gets nothing except a piece of paper . On the contrary stock dividends should be encour- aged for this reason . The moment a corporation declares a stock dividend , it is , by the amount of the par value of the ...
... dividend , because he gets nothing except a piece of paper . On the contrary stock dividends should be encour- aged for this reason . The moment a corporation declares a stock dividend , it is , by the amount of the par value of the ...
Page 4
... dividend might have been lawfully distributed in the form of dividends . You see at once what would happen in case this enormous income tax should apply to such a stock dividend . And my first objection to the provision of the bill ...
... dividend might have been lawfully distributed in the form of dividends . You see at once what would happen in case this enormous income tax should apply to such a stock dividend . And my first objection to the provision of the bill ...
Page 5
... dividend is to tax not income but to tax capital . That so long as the stockholders receive nothing by way of dividends , or a so - called dividend - it is a misnomer except stock , they simply receive a portion of their capital , and ...
... dividend is to tax not income but to tax capital . That so long as the stockholders receive nothing by way of dividends , or a so - called dividend - it is a misnomer except stock , they simply receive a portion of their capital , and ...
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Popular passages
Page 70 - ... life insurance companies issuing policies covering life, health, and accident insurance combined in one policy issued on the weekly premium payment plan...
Page 22 - ... in the case of a bank, banking association, loan, or trust company, interest paid within the year on deposits or on moneys received for investment and secured by interest-bearing certificates of indebtedness issued by such bank, banking association, loan or trust company...
Page 20 - An Act to provide revenue, equalize duties, and encourage the industries of the United States, and for other purposes," the Act of October 3, 1913, entitled "An Act to reduce tariff duties and to provide revenue for the Government, and for other purposes...
Page 613 - grass" and "straw" shall be understood to mean these substances in their natural form and structure, and not the separated fiber thereof.
Page 249 - An Act to increase the revenue, and for other purposes," approved September eighth, nineteen hundred and sixteen...
Page 53 - An Act to provide increased revenue to defray the expenses of the increased appropriations for the Army and Navy and the extensions of fortifications, and for other purposes...
Page 10 - ... employers, and all officers and employees of the United States having the control, receipt, custody, disposal, or payment of interest, rent, salaries, wages, premiums, annuities...
Page 613 - All goods, wares, articles, and merchandise mined, produced or manufactured wholly or in part in any foreign country by convict labor or/and forced labor or/and indentured labor under penal sanctions shall not be entitled to entry at any of the ports of the United States, and the importation thereof is hereby prohibited, and the Secretary of the Treasury is authorized and directed to prescribe such regulations as may be necessary for the enforcement of this provision.
Page 32 - ... paid in or earned surplus and undivided profits used or employed in the business...
Page 179 - dividends' as used in this title shall be held to mean any distribution made or ordered to be made by a corporation, joint-stock company, association, or insurance company, out of its earnings or profits accrued since March first, nineteen hundred and thirteen, and payable to its shareholders, whether in cash or in stock of the corporation, joint-stock company, association, or insurance company, which stock dividend shall be considered income, to the amount of the earnings or profits so distributed.