United States v. Phellis

From Wikipedia, the free encyclopedia
Jump to: navigation, search
United States v. Phellis
Seal of the United States Supreme Court.svg
Argued October 11, 1921
Decided November 21, 1921
Full case name United States v. C. W. Phellis
Citations 257 U.S. 156 (more)
42 S.Ct. 63
Holding
Shares in a subsidiary corporation issued to stockholders in the parent corporation are taxable as income.
Court membership
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[edit]

Further reading[edit]

External links[edit]

  • Text of United States v. Phellis, 257 U.S. 156 (1921) is available from:  Findlaw  Justia