Casos relevantes de la jurisprudencia anglosajona
| Autor | Gloria Marín Benítez |
| Páginas | 131-212 |
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293 U.S. 465, GREGORY v. HELVERING, Commissioner of Internal Revenue. No. 127. Argued Dec. 4, 5, 1934. Decided Jan. 7, 1935.
[2 93 U.S. 465, 466] Mr. Hugh Satterlee, of Washington, D.C., for petitioner. The Attorney General and Mr. J. Crawford Biggs, Sol. Gen., of Washington, D.C., for respondent. [2 93 U.S. 465, 467]
Mr. Justice SUTHERLAND delivered the opinion of the Court.
Petitioner in 1928 was the owner of all the stock of United Mortgage Corporation. That corporation held among its assets 1,000 shares of the Monitor Securities Corporation. For the sole purpose of procuring a transfer of these shares to herself in order to sell them for her individual profit, and, at the same time, diminish the amount of income tax which would result from a direct transfer by way of dividend, she sought to bring about a ‘reorganization’ under section 112(g) of the Revenue Act of 1928, c. 852, 45 Stat. 791, 816, 818, 26 USCA 2112(g), set forth later in this opinion. To that end, she caused the Averill Corporation to be organized under the laws of Delaware on September 18, 1928. Three days later, the United Mortgage Corporation transferred to the Averill Corporation the 1,000 shares of Monitor stock, for which all the shares of the Averill Corporation were issued to the petitioner. On September 24, the Averill Corporation was dissolved,
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and liquidated by distributing all its assets, namely, the Monitor shares, to the petitioner. No other business was ever transacted, or intended to be transacted, by that company. Petitioner immediately sold the Monitor shares for $133,333. 33. She returned for taxation, as capital net gain, the sum of $76,007.88, based upon an apportioned cost of $57,325.45. Further details are unnecessary. It is not disputed that if the interposition of the so-called reorganization was ineffective, petitioner became liable for a much larger tax as a result of the transaction.
The Commissioner of Internal Revenue, being of opinion that the reorganization attempted was without substance and must be disregarded, held that petitioner was liable for a tax as though the United corporation had paid her a dividend consisting of the amount realized from the sale of the Monitor shares. In a proceeding before the [2 93 U.S. 465, 468] Board of Tax Appeals, that body rejected the commissioner’s view and upheld that of petitioner. 27 B.T.A. 223. Upon a review of the latter decision, the Circuit Court of Appeals sustained the commissioner and reversed the board, holding that there had been no ‘reorganization’ within the meaning of the statute. 69 F.(2d) 809. Petitioner applied to this court for a writ of certiorari, which the government, considering the question one of importance, did not oppose. We granted the writ. 293 U.S. 538 , 55 S.Ct. 82, 79 L.Ed.
Section 112 of the Revenue Act of 1928 (26 USCA 2112) deals with the subject of gain or loss resulting from the sale or exchange of property. Such gain or loss is to be recognized in computing the tax, except as provided in that section. The provisions of the section, so far as they are pertinent to the question here presented, follow:
‘Sec. 112. ... (g) Distribution of Stock on Reorganization. If there is distributed, in pursuance of a plan of reorganization, to a shareholder in a corporation a party to the reorganization, stock or securities in such corporation or in another corporation a party to the reorganization, without the surrender by such shareholder of stock or securities in such a corporation, no gain to the distributee from the receipt of such stock of securities shall be recognized. ...
‘(i) Definition of Reorganization. As used in this section ...
‘(1) The term ‘reorganization’ means ... (B) a transfer by a corporation of all or a part of its assets to another corporation if immediately after the transfer the transferor or its stockholders or both are in control of the corporation to which the assets are transferred. ... ‘ 26 USCA 2112(g), (i) (1).
It is earnestly contended on behalf of the taxpayer that since every element required by the foregoing subdivision (B) is to be found in what was done, a statutory reorganization was effected; and that the motive of the taxpayer thereby to escape payment of a tax will not alter the result [2 93 U.S. 465, 469] or make unlawful what the statute allows. It is quite true that if a reorganization in reality was
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effected within the meaning of subdivision ( B), the ulterior purpose mentioned will be disregarded. The legal right of a taxpayer to decrease the amount of what otherwise would be his taxes, or altogether avoid them, by means which the law permits, cannot be doubted. United States v. Isham, 17 Wall. 496, 506; Superior Oil Co. v. Mississippi, 280 U.S. 390, 395 , 396 S., 50 S.Ct. 169; Jones v. Helve-ring, 63 App.D.C. 204, 71 F.(2d) 214, 217. But the question for determination is whether what was done, apart from the tax motive, was the thing which the statute intended. The reasoning of the court below in justification of a negative answer leaves little to be said.
When subdivision (B) speaks of a transfer of assets by one corporation to another, it means a transfer made ‘in pursuance of a plan of reorganization’ (section 112(g) of corporate business; and not a transfer of assets by one corporation to another in pursuance of a plan having no relation to the business of either, as plainly is the case here. Putting aside, then, the question of motive in respect of taxation altogether, and fixing the character of the proceeding by what actually occurred, what do we find? Simply an operation having no business or corporate purpose-a mere device which put on the form of a corporate reorganization as a disguise for concealing its real character, and the sole object and accomplishment of which was the consummation of a preconceived plan, not to reorganize a business or any part of a business, but to transfer a parcel of corporate shares to the petitioner. No doubt, a new and valid corporation was created. But that corporation was nothing more than a contrivance to the end last described. It was brought into existence for no other purpose; it performed, as it was intended from the beginning it should perform, no other function. [2 93 U.S. 465, 470] When that limited function had been exercised, it immediately was put to death.
In these circumstances, the facts speak for themselves and are susceptible of but one interpretation. The whole undertaking, though conducted according to the terms of subdivision (B), was in fact an elaborate and devious form of conveyance masquerading as a corporate reorganization, and nothing else. The rule which excludes from consideration the motive of tax avoidance is not pertinent to the situation, because the transaction upon its face lies outside the plain intent of the statute. To hold otherwise would be to exalt artifice above reality and to deprive the statutory provision in question of all serious purpose.
Judgment affirmed.
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United States Court of Appeals Second Circuit, Kapel Goldstein and Tillie Goldstein, (Petitioners), v. Commissioner of Internal Revenue, (Respondent). Argued Feb. 23, 1966. Decided July 22, 1966.
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Meyer Pincus, New York City, for petitioners.
Jonathan S. Cohen, Atty., Dept. of Justice, Richard M. Roberts, Acting Asst. Atty. Gen., Lee A. Jackson, David O. Walter, Martin G. Goldblum, Attys., Dept. of Justice, for respondent.
Before WATERMAN, MOORE and FRIENDLY, Circuit Judges. WATERMAN, Circuit Judge.
1 Tillie Goldstein and her husband* petition to review a decision of the Tax Court disallowing as deductions for federal income tax purposes payments totaling $81,396.61 made by petitioner to certain banks, which payments petitioner claimed were payments of interest on indebtedness within Section 163(a) of the 1954 Internal Revenue Code. This section provides that ‘There shall be allowed as a deduction all interest paid or accrued within the taxable year on indebtendness.’ Int. Rev.Code of 1954 163(a).** A majority of the Tax Court held for several reasons to be considered in the body of this opinion that these payments were not deductible. Goldstein v. Commissioner, 44 T.C. 284 (1965). We affirm on one of the grounds mentioned by the Tax Court.
* Tillie Goldstein, whose income is involved here, filed a joint return with her husband, Kapel Goldstein, for the calender year 1958. Therefore, though husband and wife are joint petitioners in the case, we use ‘petitioner’ throught this opinion to indicate this fact and to show that Kapel Goldstein is involved only because of the filing of the joint return
** Unless otherwise stated, all references to Code sections are to the 1954 Internal Revenue Code. Hereafter the Code will usually be referred to only by Section
2 During the latter part of 1958 petitioner received the good news that she held a winning Irish Sweepstakes ticket and would shortly receive $140,218.75. This windfall significantly improved petitioner’s financial siutation, for she was a housewife approximately 70 years old and her husband was a retired garment worker who received a $780 pension each year. In 1958 the couple’s only income, aside from this pension and the unexpected Sweepstakes proceeds, was $124.75,
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which represented interest on several small savings bank accounts. The petitioner received the Sweepstakes...
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