Question: Explain the implication of the following statement: Like many dogs, the threat (bark) of the PHC tax is much worse than the actual penalties assessed

Explain the implication of the following statement: “Like many dogs, the threat (bark) of the PHC tax is much worse than the actual penalties assessed in connection with its (bite).”

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For a number of reasons the personal holding company PHC tax does not raise substantial fed... View full answer

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