The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
personal holding company — A corporation subjected to a special federal income tax in order to avoid the use of the organization by an individual in a high tax bracket for tax avoidance purposes. IRC § 451. A corporation at least 80 per cent of the income of which in one… … Ballentine's law dictionary
foreign personal holding company — A foreign corporation, the primary part of the income of which is personal holding company income and the stock of which is owned to the extent of 50 percent in value by less than six individual United States citizens or residents. IRC § 554 … Ballentine's law dictionary
personal holding company — noun : a corporation more than one half of whose stock is owned by not more than five persons and more than 80 percent of whose income is from investments … Useful english dictionary
holding company — A company that usually confines its activities to owning stock in, and supervising management of, other companies. A holding company usually owns a controlling interest in the companies whose stock it holds. In order for a corporation to gain the … Black's law dictionary
holding company — A company that usually confines its activities to owning stock in, and supervising management of, other companies. A holding company usually owns a controlling interest in the companies whose stock it holds. In order for a corporation to gain the … Black's law dictionary
Holding company — A holding company is a company that owns part, all, or a majority of other companies outstanding stock. It usually refers to a company which does not produce goods or services itself, rather its only purpose is owning shares of other companies.… … Wikipedia
holding company tax — Tax on undistributed personal holding company income after allowable deductions for dividends paid, etc. I.R.C. No. 545 … Black's law dictionary
holding company tax — Tax on undistributed personal holding company income after allowable deductions for dividends paid, etc. I.R.C. No. 545 … Black's law dictionary
holding company — see company Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. holding company … Law dictionary
foreign personal holding company — Abbr. FPHC A foreign corporation in which (1) 60 percent or more of the gross income for the taxable year is FPHC income and (2) more than 50 percent of the total combined voting power or the total value of the stock is owned, directly or… … Black's law dictionary
