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:
“Biography, in its purer form, confined to the ended lives of the true and brave, may be held the fairest meed of human virtue—one given and received in entire disinterestedness—since neither can the biographer hope for acknowledgment from the subject, not the subject at all avail himself of the biographical distinction conferred.”
—Herman Melville (1819–1891)