United States v. Phellis

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
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

Further reading

External links

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