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Fisher vs. Trinidad: Stock Dividend Tax Ruling by Meie is a document available to read on EtoBox.

What is Fisher vs. Trinidad: Stock Dividend Tax Ruling about?

The Supreme Court of the Philippines ruled that stock dividends are not considered income and are therefore not taxable. The case involved a stockholder, Fisher, who received stock dividends from his company and was taxed on that amount. Fisher argued the stock dividends were not income. The Court examined prior US Supreme Court cases and found that stock dividends represent undistributed capital and do not diminish the corporation

Author

Meie

Language

EN