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Court rules VEBA deductions improper
- Source :
- Pensions & Investments. April 6, 1998, Vol. 26 Issue 7, p4, 2 p.
- Publication Year :
- 1998
-
Abstract
- A federal court has agreed with the US Tax Court and the US Internal Revenue Service that Parker-Hannifan Corp. cannot claim an income tax deduction in Aug 1988 for a voluntary employees beneficiary association trust it established in Jun 1987. This trust could have been established to take the tax savings. Labor unions and shareholders were not told about the trust.
- Subjects :
- Corporations -- Management
Banking, finance and accounting industries
Business
Subjects
Details
- ISSN :
- 10504974
- Volume :
- 26
- Issue :
- 7
- Database :
- Gale General OneFile
- Journal :
- Pensions & Investments
- Publication Type :
- Periodical
- Accession number :
- edsgcl.20473342