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UNITED STATES V. DONRUSS CO., 393 U. S. 297 (1969)

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U.S. Supreme Court

United States v. Donruss Co., 393 U.S. 297 (1969)

United States v. Donruss Co.

No. 17

Argued October 22-23, 1968

Decided January 13, 1969

393 U.S. 297

Syllabus

Tax imposed by §§ 531-537 of the Internal Revenue Code of 1954 on accumulated earnings of a corporation "formed or availed of for the purpose of avoiding the income tax with respect to its shareholders" held to apply if such tax avoidance was one of the purposes of an unreasonable accumulation of corporate earnings even though it was not the dominant, controlling, or impelling motive for the accumulation. Pp. 393 U. S. 300-309.

384 F.2d 292, reversed and remanded.


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