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:
“When I received this [coronation] ring I solemnly bound myself in marriage to the realm; and it will be quite sufficient for the memorial of my name and for my glory, if, when I die, an inscription be engraved on a marble tomb, saying, “Here lieth Elizabeth, which reigned a virgin, and died a virgin.””
—Elizabeth I (1533–1603)