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:
“I waited alone, in the company of orchids, roses and violets who—like people waiting beside you, but to whom you are unknown—maintained a silence which their individuality of living things rendered more imposing and in their chilly manner received the heat from an incandescent coal fire, preciously placed behind a crystal glass, in a white marble tub where it dropped, from time to time, its dangerous rubies.”
—Marcel Proust (1871–1922)