Section 356(a)(2) of the Internal Revenue. Code requires the recipient of boot in a corporate reorganization to treat any gain recognized as a dividend, if the reorganization "has the effect of the distribution of a dividend." This article examines the conflicting interpretations of this section and offers suggested changes in the law. The article also reviews the performance of all three branches of government in developing tax law.
William J. Rands,
Section 356(a)(2): A Study of Uncertainty in Corporate Taxation,
38 U. Miami L. Rev.
Available at: http://repository.law.miami.edu/umlr/vol38/iss1/3