Revenue Act of 1962: Hearings Before the Committee on Finance, United States Senate, Eighty-seventh Congress, Second Session, on H.R. 10650, an Act to Amend the Revenue Act of 1954 to Provide a Credit for Investment in Certain Depreciable Property, to Eliminate Certain Defects and Inequities, and for Other Purposes ...U.S. Government Printing Office, 1962 - 4934 páginas |
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allocation amendment American amount assets balance of payments balance-of-payments bill capital gains CHAIRMAN Code committee competitive controlled foreign corporation costs DECHERT deduction deferral depreciation distribution dividends dollars domestic corporation earnings and profits economic effect enterprise exemption expenses exports financing foreign base company foreign countries foreign income foreign investment company foreign subsidiary foreign tax credit foreign-flag gross income income tax increase industry interest Internal Revenue Internal Revenue Code investment abroad KEYSERLING legislation manufacturing ment million ordinary income oversea parent percent present problem proposed Section provisions reason reinvested resident result Secretary section 13 section 482 Senator DOUGLAS Senator GORE Senator KERR ships statement stockholders subpart F income substantial tax avoidance tax haven tax rate tax treaties taxation taxpayer tion trade or business Treasury U.S. citizens U.S. corporation U.S. Government U.S. Senate U.S. shareholders U.S. tax undistributed United Venezuela vessels
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Página 3999 - No State or group of States has the right to intervene, directly or indirectly, for any reason whatever, in the internal or external affairs of any other State. The foregoing principle prohibits not only armed force but also any other form of interference or attempted threat against the personality of the State or against its political, economic and cultural elements.
Página 3452 - No provision of this title shall apply in any case where its application would be contrary to any treaty obli'gation of the United States in effect on the date of enactment of this title.
Página 3533 - ... with the Securities and Exchange Commission under the Investment Company Act of 1940, such reliance would constitute reasonable cause for purposes of this paragraph.
Página 4079 - With respect to an activity which Is of a type generally considered to constitute entertainment, amusement, or recreation, unless the taxpayer establishes that the Item was directly related to.
Página 3467 - ... 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.
Página 3641 - It is agreed that double taxation shall be avoided in the following manner: (a) The United States in determining its taxes specified in Article I of thlF Convention in the case of its citizens, residents or corporations may, regardless of any other provision of this Convention, include in the basis upon which such taxes are imposed all items of income taxable under the revenue laws of the United States as if this Convention had not come into effect.
Página 3923 - ... (b) Form and contents of returns. The returns required by subsection (a) shall be in such form and shall set forth, in respect of the foreign trust, such information as the Secretary or his delegate prescribes by regulation as necessary for carrying out the provisions of the income tax laws.
Página 3641 - The provisions of the present Convention shall not be construed to restrict in any manner any exemption, deduction, credit or other allowance...
Página 3614 - If the 18-month period does not include the entire taxable year, the amount excluded from gross income under this paragraph for such taxable year shall not exceed an amount which bears the same ratio to $20,000 as the number of days in the part of the taxable year within the 18-month period bears to the total number of days in such year.
Página 4106 - For purposes of this section, the term ' 'earned Income" means wages, salaries, or professional fees, and other amounts received as compensation for personal services actually rendered, but does not Include that part of the compensation derived by the taxpayer for personal services rendered by him to a corporation which represents a distribution of earnings or profits rather than a reasonable allowance as compensation for the personal services actually rendered. In the case of a taxpayer engaged...