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:
“In 1872 I received a request like this and I did register and vote, for which I was arrested, convicted and fined $100. Excuse me if I decline to repeat the experience.”
—Susan B. Anthony (1820–1906)