Title: The Shareholder-Based Origins of the Corporate Income Tax
Abstract: This Article explores the origins of the separate corporate income tax. During the Civil War and Reconstruction, shareholders were taxed on their corporation's undivided profits. While corporations in certain industries were subject to a tax on dividends and undistributed profits, the tax was based on the nature of their business rather than their form of organization. When the income tax returned in 1894, however, corporations were subject to a separate tax. What accounted for this change?
Publication Year: 2001
Publication Date: 2001-01-01
Language: en
Type: article
Indexed In: ['crossref']
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