Dividends Received Deduction
The dividends-received deduction (or "DRD"), under U.S. federal income tax law, is a tax deduction received by a corporation on the dividends it receives by other corporations in which it has an ownership stake.
Read more about Dividends Received Deduction: Impact, Application, Limitations
Famous quotes containing the word received:
“How do we know, then, when a code’s been cracked? ... when we are right? ... when do we know if we have even received a message? Why, naturally, when, upon one set of substitutions, sense emerges like the outline under a rubbing; when a single tentative construal leads to several; when all the sullen letters of the code cry TEAM! after YEA! has been, by several hands, uncovered.”
—William Gass (b. 1924)