United States v. Phellis
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| United States v. Phellis | |
|---|---|
 | |
| 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 | |
| |
| 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]- 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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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 Library of Congress OpenJurist
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