United States v. Insuranshares Corp.

NIELDS, District Judge.

This is a suit to enforce collection of unassessed documentary stamp taxes due under section 800, schedule A-3, Title VIII of the Revenue Act of 1926, 44 Stat. 99, 101, as amended by section 723(a) of the Revenue Act of 1932, 26 U.S.C.A. § 900 note. The essential facts are stipulated.

Between August 19, 1932 and June 24, 1933 defendant purchased for its own account shares of stock in certain corporations and investment trusts. Defendant did not take said shalres of stock in its own name but directed the corporations and investment trusts to issue all of said shares and…