United States v. Phellis
| United States v. Phellis | |||||||
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| Argued October 11, 1921 Decided November 21, 1921 | |||||||
| Full case name | United States v. C. W. Phellis | ||||||
| Citations |
42 S.Ct. 63 | ||||||
| Holding | |||||||
| Shares in a subsidiary corporation issued to stockholders in the parent corporation are taxable as income. | |||||||
| Court membership | |||||||
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| Case opinions | |||||||
| Majority | Pitney, joined by Taft, McKenna, Holmes, Day, Brandeis, Clarke | ||||||
| Dissent | McReynolds, joined by Van Devanter | ||||||
United States v. Phellis, 257 U.S. 156 (1921), was a decision by the United States Supreme Court, which held that shares in a subsidiary corporation issued to stockholders in the parent corporation were taxable as income.
See also
Further reading
- Beale, Joseph H. (1923). "Stockholders and the Federal Income Tax". Harvard Law Review 37 (1): 1–14. doi:10.2307/1328405. JSTOR 1328405.
- Powell, Thomas Reed (1922). "Income from Corporate Dividends". Harvard Law Review 35 (4): 363–392. doi:10.2307/1328647. JSTOR 1328647.
External links
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