We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
CORPORATE READJUSTMENTS AND THE EXCESS PROFITS CREDIT.
- Authors
CHAPMAN, ALGER B.; BRYSON, BRADY O.
- Abstract
The article reports that the inheritance of an incorporated enterprise by a successor company, through merger or by the sale of assets and the readjustment of the capital structure, within the existing corporation, are the transactions of the excess profit tax implications, which have been given extensive legislative recognition in the U.S. It mentions several problems in the excess profits tax, including the redistribution of equity invested capital among taxpayers, changes affecting the status of borrowed invested capital, and the effect on aggregate excess profits net income, as separate loss and profit operations are brought into balance. It states that the effect of a corporate readjustment on invested capital may vary in terms of dollars of credit.
- Subjects
UNITED States; CORPORATIONS; MERGERS &; acquisitions; ASSETS (Accounting); CAPITAL structure; EXCESS profits tax laws; CAPITAL stock; CORPORATE profits; DOLLAR
- Publication
Law & Contemporary Problems, 1943, Vol 10, Issue 1, p62
- ISSN
0023-9186
- Publication type
Article
- DOI
10.2307/1190026