 ... the fact that any 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 needs of the business...  Wisconsin Session Laws - Page 28by Wisconsin - 1935Full view - About this book
 | Wisconsin - Session laws - 1935 - 1308 pages
...divided or distributed, the tax commission shall determine the distributive share of the gain * * * of such corporation belonging to the Wisconsin stockholders...profits is not done to avoid income or dividends taxes * * * shall be upon the corporation. shall pay the tax as and when due and if paid under protest at... | |
 | 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...of the business shall be prima facie evidence of a fraudulent purpose to escape such a tax ; but the fact that the gains and profits arc in any case permitted... | |
 | 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,... | |
 | United States - Customs administration - 1913 - 458 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...of the business shall be prima facie evidence of a fraudulent purpose to escape such tax; but the fact that the gains and profits are in any case permitted... | |
 | Vandegrift, F.B., & Co - Customs administration - 1913 - 1012 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...of the business shall be prima facie evidence of a fraudulent purpose to escape such tax; but the fact that the gains and profits are in any case permitted... | |
 | Old Colony Trust Company (Boston, Mass.) - 1913 - 64 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...of the business shall be prima facie evidence of a fraudulent purpose to escape such tax; but the fact that the gains and profits are in any case permitted... | |
 | George Fox Tucker - Income tax - 1913 - 292 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...of the business shall be prima facie evidence of a fraudulent purpose to escape such tax; but the fact that the gains and profits are in any case permitted... | |
 | Downing, R. F., & co - Tariff - 1913 - 686 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...of the business shall be prima facie evidence of a fraudulent purpose to escape such tax; but the fact that the gains and profits are in any case permitted... | |
 | 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... | |
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