Committee PrintsU.S. Government Printing Office, 1969 |
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Page 1
... tion in such cases without adverse tax effects to the foundation , the corporation , its stockholders or the original donor of the stock . 4. Rules restricting foundations ' activities in public policy fields should be clarified and ...
... tion in such cases without adverse tax effects to the foundation , the corporation , its stockholders or the original donor of the stock . 4. Rules restricting foundations ' activities in public policy fields should be clarified and ...
Page 4
... tion's recommendations to this Committee represent a substantial improvement over the House bill , but further modifications should be considered . In particular , I cannot understand any justification for placing in a separate and ...
... tion's recommendations to this Committee represent a substantial improvement over the House bill , but further modifications should be considered . In particular , I cannot understand any justification for placing in a separate and ...
Page 23
... tion should be deleted pending completion of a current Treasury study of all deferred compensation arrangements . 5. Revisions in existing provisions relating to the foreign tax credit should be deleted and the subject should be ...
... tion should be deleted pending completion of a current Treasury study of all deferred compensation arrangements . 5. Revisions in existing provisions relating to the foreign tax credit should be deleted and the subject should be ...
Page 38
... tion of deductions provision . Clearly , the It is obvious that the unprecedented needs of state and local govern- ments for debt financing will continue to grow in the years ahead . Even under the best of circumstances , including the ...
... tion of deductions provision . Clearly , the It is obvious that the unprecedented needs of state and local govern- ments for debt financing will continue to grow in the years ahead . Even under the best of circumstances , including the ...
Page 57
... tion to operate at another location , he is placed at a competitive disadvantage in operating at the new location . His competitors will have less tax to pay on the same income and can maintain a fair return on investment using a lower ...
... tion to operate at another location , he is placed at a competitive disadvantage in operating at the new location . His competitors will have less tax to pay on the same income and can maintain a fair return on investment using a lower ...
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Common terms and phrases
accelerated depreciation accumulated activities allowed amendment amount annuity apply assets benefit capital gains Chairman charitable contributions Code section computation Congress cost deduction deferred compensation depletion distribution dividends earnings and profits economic eliminate employee enacted excess exempt organizations expenses Federal foreign tax credit funds gift handicapped House bill income tax increase individual institutions interest Internal Revenue Code Internal Revenue Service investment income Irvine Company James Irvine James Irvine Foundation legislation limitation loss MARIO MEROLA MILLARD TAWES operations ordinary income payments penalty percent percentage period permit plans present law private foundations problems programs Proposed Change proposed section provisions purposes received recommend respect result retirement rules Senate standard deduction substantial tax law tax preferences tax rate tax reform tax treatment tax-exempt taxable income taxation taxpayer tion Treasury trust U.S. tax United UNITED STATES SENATE unrelated business income
Popular passages
Page 299 - Amendment; it presupposes that right conclusions are more likely to be gathered out of a multitude of tongues, than through any kind of authoritative selection. To many, this is, and always will be folly: but we have staked upon it our all.
Page 88 - An educational organization which normally maintains a regular faculty and curriculum and normally has a regularly enrolled body of pupils or students in attendance at the place where its educational activities are regularly carried on...
Page 93 - If as of the date of a gift a transfer for charitable purposes is dependent upon the performance of some act or the happening of a precedent event in order that it might become effective, no deduction is allowable unless the possibility that the charitable transfer will not become effective is so remote as to be negligible.
Page 63 - An Act to establish a Code of Law for the District of Columbia...
Page 135 - (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...
Page 485 - I am here today speaking on behalf of the National League of Cities and the United States Conference of Mayors.
Page 63 - That the said corporation may take and hold any additional donations, grants, devises, or bequests which may be made in further support of the purposes of the said corporation...
Page 88 - An organization, such as a primary or secondary school, a college, or a professional or trade school, which has a regularly scheduled curriculum, a regular faculty, and a regularly enrolled body of students in attendance at a place where the educational activities are regularly carried on.
Page 53 - That the objects of the corporation shall be to encourage, in the broadest and most liberal manner, investigation, research, and discovery, and the application of knowledge to the improvement of mankind...
Page 216 - This report responds to requests by the Committee on Finance of the Senate and the Committee on Ways and Means of the House of Representatives...