Revenue Act of 1978: Hearings Before the Committee on Finance, United States Senate, Ninety-fifth Congress, Second Session, on H.R. 13511 ....

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U.S. Government Printing Office, 1978 - Broj stranica: 2048
 

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Stranica 1825 - Investment purposes only and not for the active conduct of a business, or (2) For the Joint production, extraction, or use of property, but not for the purpose of selling services or property produced or extracted. If the Income of the members of the organization may be adequately determined without the computation of partnership taxable Income. (b) Partner. For purposes of this subtitle, the term "partner" means a member of a partnership.
Stranica 1619 - GATT articles to conditions of trade not presently covered in order to move toward more fair trade practices, (4) the adoption of international fair labor standards and of public petition and confrontation procedures in the GATT, (5) the revision of GATT articles with respect to the treatment of border adjustments for internal taxes to redress the disadvantage to countries relying primarily on direct rather than indirect taxes for revenue needs...
Stranica 1605 - The Congress shall have power to lay and collect taxes on income, from whatever source derived, without apportionment among the several States and without regard to any census or enumeration; Provided, That in no case shall the maximum rate of tax exceed 25 per centum.
Stranica 1613 - Certain agricultural products Reasons for change As indicated above, one of the categories of tax haven income subject to current taxation under the subpart F provisions of the code is base company sales income. The Tax Reduction Act of 1975 contained an amendment which provides that base company sales income does not include the sale of agricultural commodities which are not grown in the United States in commercially marketable quantities.
Stranica 1706 - tax expenditures" means those revenue losses attributable to provisions of the Federal tax laws which allow a special exclusion, exemption, or deduction from gross income or which provide a special credit, a preferential rate of tax, or a deferral of tax liability; and the term "tax expenditures budget" means an enumeration of such tax expenditures.
Stranica 1407 - Therefore, to the extent the option is so exercised, in whole or in part, it will acquire a basis equal to its fair market value at the date of the employee's death or, if an election is made under section 2032, its value at its applicable valuation date. In certain cases, the basis of the share is subject to the adjustments provided by...
Stranica 1606 - CORPORATION. (a) TREATMENT OF TAXES PAID BY FOREIGN CORPORATION.— For purposes of this subpart, a domestic corporation which owns at least 10 percent of the voting stock of a foreign corporation...
Stranica 1759 - An expenditure for entertainment in any such case is considered not to be directly related to the active conduct of the taxpayer's trade or business unless the taxpayer clearly establishes to the contrary.
Stranica 1614 - F provisions of the code is base company sales income. The Tax Reduction Act of 1975 contained an amendment which provides that base company sales income does not include the sale of agricultural commodities which are not grown in the United States in commercially marketable quantities. It has come to your committee's attention that questions have been raised as to the extent that this exclusion applies to agricultural products which are of a different grade or variety from the same product grown...
Stranica 1778 - OF ROBERT D. PARTRIDGE, EXECUTIVE VICE PRESIDENT AND GENERAL MANAGER, NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION Mr.

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