Boris Bittker's Taxation of Corporations and Shareholders (With the all new 2009 supplement!)
I laughed
I cried
It became a part of me
Here is just one of the many riveting passages in this book:
"Section 362(a)(2) provides that the corporation's basis for property acquired as paid-in surplus or as a contribution to capital is the same as the transferor's basis, increased by gain recognized to the transferor on the transaction. This is the same result as applied by § 362(a)(1) to property received by the corporation in exchange for stock in a transaction under § 351. “Contribution to capital,” for purposes of § 362(a)(2), presumably has the same meaning as under § 118, [FN296] which meaning is informed by the reference of § 362(c)(1)(B) to a contribution “by a shareholder as such” (emphasis added). The meaning of “paid-in surplus” is more obscure. That term normally refers to property received by a corporation for the corporation's stock in excess of the stock's par value. [FN297] Since paid-in surplus can arise outside of § 351, it may be that § 362(a)(2) applies even to an exchange that is fully taxable to the shareholder. [FN298]"
Which way to the ecology movement By Murray Bookchin, along with a bunch of other books on ecology and environmentalism (university work). Not thrilling but I find Bookchin to be a good writer.
Next I have to start on books by John Rawls
When holidays start I can finally get to reading some non-fiction again
Started reading Elizabeth Kostova's The Historian, the whole 'old book with only one page not being blank' thing is sort of interesting, but I just read a review on Amazon and apparently the entire story is nothing more than a contrivance so the author can employ her considerable descriptive abilities.
Neal Stephenson's The Confusion is really dragging, I think even more so than Quicksilver!
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