(Download) "Nuyen v. Slater" by Supreme Court of Michigan ~ eBook PDF Kindle ePub Free
eBook details
- Title: Nuyen v. Slater
- Author : Supreme Court of Michigan
- Release Date : January 06, 1964
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 54 KB
Description
1. L. 1933, c. 405, § 32(c), requires the imposition of the tax prescribed by that chapter on the combined net taxable income of affiliated or related corporations where 90 per cent or more of their voting stock is owned or controlled by the same interests. The word "may" as it appears in the last sentence of the subsection is mandatory, and the tax commission has no discretion as to the imposition of the tax as a combined tax. Such imposition is not a penalty to prevent tax evasion but a provision for a combined tax upon the consolidated income of such corporations.
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