Federal Income Credit Corporation
TheFederal IncomeTax Significance of Corporate Debt: A Critical Analysis and a Proposal, Plumb Jr, W. T. (1970). Tax L. Rev.,26, 369. This article examines the use and effectiveness of corporate debt in the capital structure.
Creditscoring for afederallending institution: the case of Canada’s FarmCredit Corporation., Turvey, C. G., & Brown, R. (1990). Agricultural Finance Review,50, 47-57. A credit-scoring model is developed by this paper, and it further discusses its applications in Canadas Farm Credit Corporation. The importance of liquidity, profitability, leverage, efficiency, and dept-repayment were verified by the result of logistics regression. The model also shows the mode incorporation of analysis of variance into a credit-scoring model and also account for variations between regions and farm types.
Tax Policy and TuitionCreditLegislation:Federal IncomeTax Allowances for Personal Costs of Higher Education, McNulty, J. K. (1973). Cal. L. Rev.,61, 1. The federal income tax does not allow for personal cost or cost for ordinary higher education. A review of the tax treatment f personal educational expenses was analyzed and explained. This paper further gives insight into the usage and policy accrued to individuals and allowances for personal costs of higher education
Corporate Liquidations and theFederal IncomeTax, Darrell, N. (1940). U. Pa. L. Rev.,89, 907. The recent trend hs been to exterminate companies instead of setting them up. This is partly due to a steady increase in the corporate tax burden. Unlike the transfer of property to a corporation when it is formed, a reverse process of liquidation ensues of tax exemption. This paper, therefore, covers the background study of corporate liquidations and federal tax income and its present state. It further illustrates the provisions in place and makes recommendations with analytical backup.
Federal IncomeTax Reform: The Varied Approaches Necessary to Replace Tax Expenditures with Direct Governmental Assistance, Surrey, S. S. (1970). Harvard Law Review, 352-408. There are provisions by the tax system for the aim of achieving some non-tax governmental policies. In this paper, Professor Surrey explains task reform task as that of eradicating tax expenditures and replacing it with direct expenditure programs on the condition of governmental assistance if this is found necessary. He then outlines the strengths and weaknesses of likely substitute program in three areas that tax expenditure provisions currently affect: support to state and local governments, aid for owner-occupied and rental housing and support for private philanthropy.
The earnedincometaxcredit: Participation, compliance, and antipoverty effectiveness, Scholz, J. K. (1994). National tax journal, 63-87. The participation rate of earned income tax credit (EITC) is what this paper examines. A preffered estimate was arrived at after the examination of diverse data sources on EITC recipiency, that 80 86 percent of individuals eligible to tax received the credit in 1990. This shows that less than 2.1 million taxpayers eligible to the credit did not receive it. In conclusion, this paper finalizes with a conclusion related to the labor market incentives and the ineffectiveness of antipoverty of the previous credit and after the August 1991 expansion of the EITC.
The exemption of nonprofit organizations fromfederal incometaxation, Bittker, B. I., & Rahdert, G. K. (1976). The Yale Law Journal,85(3), 299-358. With surprising consistency, practices such as exempting charitable and religious organizations, different nonprofit associations and mutual benefit groups from federal income taxation have persisted. It persisted for many years reaching back to the British Statute of Charitable Uses of 1601 and also state constitutional provisions done early. A lot of the exceptions today from income taxation has been from the Revenue Act of 1894. They were reenacted in the corporation income tax of 1909 and the Revenue Act of 1913. However, there has been silence and negligent on this. This change in attitude needs to be re-examined.
Professional Associations andFederal IncomeTaxation: Some Questions and Comments, Bittker, B. I. (1961). Tax L. Rev.,17, 1. Between 1942 and 1948, the state legislature in Oregon, Nebraska, Michigan, and Pennsylvania adopted the community property system. Although community properties moved eastward in years past, it was the heritage of Anglo-American law. The community property system spread, pressure increased to throw open the privilege of income splitting to all married couple irrespective of their property law.
Use of a Domestic International SalesCorporationto ReduceFederal IncomeTax on Export Earnings, Rendell, R. S. (1973). San Diego L. Rev.,11, 138. This paper explains the purpose of the provisions to increase U.S. exports and thereby: (a) increase the position of the balance of trade of the United States which was already decreasing immensely between the late 1960s and early 1970s; (b) to reduce federal income tax on exports. This paper reviews the trend and gives facts and postulations about domestic, international sales.
Will the Real Lender Please Stand Up? TheFederal IncomeTax Treatment ofCreditDerivative Transactions, Kayle, B. (1997).The Tax Lawyer,50(3), 569-615. Just recently, a lender was easy to spot. Until recently, credit enhancers and lenders were taught of as been completely separate from lenders except in some rare cases. The international dealers Swap Association created first a standard form for some credit derivative transactions in 1992. This was based on the prevailing form for interest and other swaps. Back then, the volume of the transaction was averaged, and the transaction type entered by people were basic. Before the existence of credit derivative, the sales of debt obligations or the acquisition of some form of credit enhancement on the obligation were the only two ways to transfer credit.
TheFederal IncomeTaxation of Financial Intermediaries, Clark, R. C. (1974). Yale LJ,84, 1603. Capital accumulation by financial intermediaries in debt or equity claims against investors like non-financial business enterprises, real estate purchasers and governmental units. They are intermediaries based on the fact that they serve as middlemen between capital-more suppliers such as savers, depositors, investors, shareholders, beneficiaries, policyholders and investors in real assets.
Corporate Integration in theFederal IncomeTax: Lessons from the Past and a Proposal for the Future, Taylor, S. A. (1990).Va. Tax Rev.,10, 237. Following the backdrop and the relative trend from the formation of the Federal Income Tax, with the subsequence of amendments from time to time, it is neccesaasyr to evaluate the future trend and proposed likelihood for its development. This paper covers details of corporate integration, its application, amendments and specific application to Federal Income Tax.