Posted by The Free Marketeer on September 15, 1997 at 02:52:07:
In Reply to: Re: Are stock investment gains income? posted by Common Right Group on July 28, 1997 at 18:42:01:
>in the Internal Revenue Laws. Many >corporations are U.S. Corporations subject to
>taxation on the basis of the [taxable] activity of
>exercising and excise (privilege) of doing >business as a corporation, thus enjoying limited
>liability and being protected under the law.
Uh, exactly how "Many" corporations have been chartered by a "domestic" Act of Congress instead of by a "foreign" State?
The great challenge lies in convincing the "Many" corporations that they are not "domestic", nor need to act as withholding or information sharing agents for the IRS.
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