United States v. Phellis
Appearance
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 | 257 U.S. 156 (more) 42 S.Ct. 63; 66 L. Ed. 180; 1921 U.S. LEXIS 1328 |
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.
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(help) - Powell, Thomas Reed (1922). "Income from Corporate Dividends". Harvard Law Review. 35 (4): 363–392. doi:10.2307/1328647. JSTOR 1328647.
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External links
Works related to United States v. Phellis at Wikisource
- Text of United States v. Phellis, 257 U.S. 156 (1921) is available from: Cornell CourtListener Findlaw Google Scholar Justia OpenJurist