San Diego Law Review
Document Type
Comments
Abstract
This Comment examines the discussion surrounding the General Utilities doctrine, which states, with certain exceptions, that a corporation does not recognize gain upon distribution of appreciated assets. The author examines corporate tax law, and the development of the General Utilities doctrine and the problems associated with its application and usage. The author examines the various arguments for repeal of the General Utilities doctrine and discusses potential solutions to the General Utilities problem, including complete repeal of the doctrine, implementation of a flat tax and integration of the personal and corporate income tax systems.
Recommended Citation
Dennis J. Doucette,
The Problem with General Utilites: Are There Solutions,
22
San Diego L. Rev.
1219
(1985).
Available at:
https://digital.sandiego.edu/sdlr/vol22/iss5/11