The article is about the regulatory issues for tax relief and summarizes the GST tax phase-out provisions. The new legislation presents a number of immediate opportunities for planners to address partial inclusion ratios, botched GST tax allocations and numerous other problems. Unlike the other "tax relief" provisions in the...
From the executive summary: ‘While the elimination of the estate tax is seen as a popular political move, local financial experts believe that the revenue it raises will outweigh its political goodwill, especially given the current growing Federal budget deficit. The estate tax is seen as easy money for the...
The primary advantages attracting an investor to Treasury bills or money market mutual funds are their liquidity and safety. But there is another significant benefit offered by particular money market instruments known as "munis," or short-term municipal securities: federal tax savings, which are particularly beneficial to those who fall within...
This article addresses drafting lender's plans to avoid incurring or shifting capital gains tax liability in partnership bankruptcies, taking the real property subject to subordinate liens, losing the transfer tax exemption available to transfers in a plan, and the Hobson's choice of either assuming insider contracts or paying rejection damages...
Previously, the only tax concession for venture capital investments was an income and capital gains tax exemption for direct investments in certain Australian companies and fixed trusts by foreign superannuation funds of a limited number of specified countries. A major obstacle to attracting foreign venture capital investment has been the...
New York offers diversity and growth opportunities for businesses across the board. New York is experiencing resurgence across its business communities. Due to the healthy environment and despite the nation's challenging economic times major businesses are finding it easier to open up new locations or expand their current operations in...
This paper includes the background and implications of Foreign Sales Corporation FSC. It explains how enacted FSC was enacted and what were the clauses of the first and second round of FSC litigation. At time FSC was enacted it allowed partial tax exemption for the income of a foreign corporate...
Municipal bonds are debt obligations issued by states, cities, counties and other governmental entities to raise money to build schools, highways, hospitals and sewer systems, as well as many other projects for the public good. When one purchase a municipal bond, one are lending money to an issuer who promises...
Among the major forms of corporate ownership, the not-for-profit ownership form is distinct in its behavior, legal constraints, and moral obligations. Not for- profit hospitals systematically provide both private and public goods that are in the public interest, and that other forms fail to provide. Two hypotheses are proposed to...
The world’s largest foreign markets are all growing — and making it easier for western companies to join their economies. .expansionPic { width:324px; float:right; margin:0px 0 10px 10px; padding:5px 5px 0; background:#edece7; border:1px solid #d4d4d4; } * html .expansionPic { display:inline; margin-top:20px;} .expansionPic p {...
