 | Wisconsin - Session laws - 1935 - 1308 pages
...corporation is to invest the capital or income of one or more Wisconsin residents, and that the gains or profits are permitted to accumulate beyond the reasonable...of the business, shall be prima facie evidence of a purpose to escape taxation. In all cases the burden of proof that the failure to distribute gains or... | |
 | United States. Congress - Law - 1924 - 1048 pages
...such corporation, joint-stock company, or association is a mere holding company or that the gains and profits are permitted to accumulate beyond the reasonable...facie evidence of a fraudulent purpose to escape such a tax ; but the fact that the gains and profits arc in any case permitted to accumulate and become... | |
 | Philippines - Law - 1987 - 284 pages
...••••••• (c) Evidence determinative of purpose. — The fact that the earnings of profits of a corporation are permitted to accumulate beyond the reasonable needs of the business shall be determinative of the purpose to avoid the tax upon its shareholders or members unless the corporation,... | |
 | Wisconsin - Bills, Private - 1935 - 1310 pages
...corporation is to invest the capital or income of one or more Wisconsin residents, and that the gains or profits are permitted to accumulate beyond the reasonable...of the business, shall be prima facie evidence of a purpose to escape taxation. In all cases the burden of proof that the failure to distribute gains or... | |
 | Albert Henry Walker - Corporations - 1913 - 126 pages
...corporation, joint stock company or association, is a mere holding company, or the fact that its gains and profits are permitted to accumulate beyond the reasonable...needs of the business, shall be prima facie evidence 22 of a fraudulent purpose to enable its stockholders to escape the "additional income tax" which they... | |
 | United States - Tariff - 1913 - 660 pages
...corporation, joint-stock company, or association, is a mere holding company, or that the gains and profits are permitted to accumulate beyond the reasonable needs of the business shall be priina facie evidence of a fraudulent purpose to escape such tax; but the fact that the gains and profits... | |
 | United States - Law - 1914 - 592 pages
...joint-stock company, or association, is a mere holding company, or that the gains and t ^^ UK TAX - Con profits are permitted to accumulate beyond the reasonable...the fact that the gains and profits are in any case per- Condltlon mitted to accumulate and become surplus shall not be construed as evidence of a purpose... | |
 | United States. Office of Commissioner of Internal Revenue - Taxation - 1914 - 326 pages
...such corporation, jointstork company, or association, is a mere holding company, or that the gains and profits are permitted to accumulate beyond the reasonable...of a fraudulent purpose to escape such tax, but the tact that the gains and profits are in any case permitted to accumulate and become surplus shall not... | |
 | Henry Montefiore Powell, Martin Saxe - Corporations - 1914 - 612 pages
...corporation, joint-stock company, or association, is a mere holding company, or that the gains and profits are permitted to accumulate beyond the reasonable...facie evidence of a fraudulent purpose to escape such lax; but the fact that the gains and profits are in any case permitted to accumulate and become surplus... | |
 | American literature - 1914 - 798 pages
...departments to take care of the such tax; but the fact that the gains and profits business. :lle >n any case permitted to accumulate and become surplus shall not be construed as evidence THE EXEMPTION OF HUSBAND AND WIFE of ,a PuLrP°»e to escape the said tax in such case unless the Secretary... | |
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The fact. that any corporation is a mere holding company, or that the gains and profits are permitted to accumulate beyond the reasonable needs of the business, shall be prima facie evidence of a purpose to escape the surtax... 
