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.
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Famous quotes containing the word received:
“Heroic ages are not and never were sentimental and those daring conquistadores who conquered entire worlds for their Spain or Portugal received lamentably little thanks from their kings.”
—Stefan Zweig (18811942)