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26 Apr 2017, 11:09 am
Avis kept 89% of the revenue generated at Courtland Street and paid its agent 11%. [read post]
26 Apr 2017, 10:02 am
A nonprofit organization organized and operated for charitable purposes may be exempt under Section 501(c)(3) of the Internal Revenue Code while a nonprofit organized and operated for social welfare purposes may be exempt under Section 501(c)(4) of the Code. [read post]
26 Apr 2017, 10:00 am
This administration’s plans for mass deportations and a stepped-up war on drugs, combined with Attorney General Jeff Sessions’ rescission of the Justice Department’s August 2016 plan to phase out its private prison contracts, promise to vastly increase the flow of revenue-generating Black and brown people into private prisons. [read post]
26 Apr 2017, 8:40 am
It's municipal bonds in reverse - they generally offer less pre-tax than, say, corporate bonds because the income is exempt. [read post]
26 Apr 2017, 6:34 am
"On it, the economist Arthur Laffer in 1974 sketched a curve meant to illustrate his theory that cutting taxes would spur enough economic growth to generate new tax revenue. [read post]
26 Apr 2017, 4:36 am
The U.S. company then officially dissolves – even though it’s generally business as usual to the public – and the foreign company owns the assets. [read post]
25 Apr 2017, 3:21 pm
To mitigate their exposure to these liabilities and costs, employer or other health plan sponsors should consider arranging for an independent legal compliance and risk assessment of their health plan, its terms, materials and operations to help mitigate the sponsoring employer’s exposure to self-identify, self-report on IRS Form 2848 and pay the $100 per day per violation excise tax liability now generally required under the Internal Revenue Code for any such violation. [read post]
24 Apr 2017, 10:19 am
It has 45 full time employees and generates an estimated $3.5 million in annual revenue. [read post]
22 Apr 2017, 4:14 pm
Electronic advertising would only be aired on the state broadcaster – the Kenya Broadcasting Corporation. [read post]
19 Apr 2017, 6:38 am
Always prioritize: There are some revenues and risks in contract negotiations that may be more important than others. [read post]
18 Apr 2017, 9:30 am
Corporations that elect S-Corporation treatment do have specific guidelines in regard to the number of owners, and the types of owners, but generally, those are irrelevant to most startups and small businesses. [read post]
18 Apr 2017, 9:30 am
Corporations that elect S-Corporation treatment do have specific guidelines in regard to the number of owners, and the types of owners, but generally, those are irrelevant to most startups and small businesses. [read post]
17 Apr 2017, 7:26 am
That said, reinstatement may not always be feasible, and courts generally consider the circumstances to determine if it is appropriate. [read post]
16 Apr 2017, 11:05 am
Duty of Loyalty Meeting a director’s duty of loyalty generally requires acting in good faith and in the best interests of the corporation. [read post]
16 Apr 2017, 3:46 am
That said, reinstatement may not always be feasible, and courts generally consider the circumstances to determine if it is appropriate. [read post]
15 Apr 2017, 7:10 am
Of the over $60 billion of overall bonded debt issued by the Commonwealth and its instrumentalities, nearly $50 billion relies, directly or indirectly, on revenues generated and/or collected by the Commonwealth’s central government, and for over $6 billion of that debt, the underlying revenues are explicitly subject to constitutional clawback in favor of the general obligation debt.2 Another $17.2 billion issued by COFINA relies on sales and use taxes that… [read post]
14 Apr 2017, 4:04 pm
FERC, Case No. 16-1003 (“NextEra”)), the DC Circuit issued a decision remanding back to the Federal Energy Regulatory Commission (“FERC”) orders denying NextEra Desert Center Blythe, LLC’s (“NextEra”) complaint against the California Independent System Operator Corporation (“CAISO”) regarding the allocation of congestion revenue rights (“CRRs”) under the CAISO tariff. [read post]
14 Apr 2017, 10:57 am
Attorneys representing the company racked up $350,000 in fees, which is more than the entire 2015 revenue of the company. [read post]
14 Apr 2017, 6:07 am
Creditors could also bring alter-ego allegations against issuers such as the Puerto Rico Sales Tax Financing Corporation (COFINA), seeking to include their debt in the calculated limit, which, if successful, could raise questions regarding not only such issuances but also the validity of certain recent general obligation bond issuances.3 The Commonwealth constitution also restricts issuance of new Commonwealth guarantees. [read post]
13 Apr 2017, 5:55 am
This issue is not limited to the ongoing dispute between general obligation (GO) and Puerto Rico Sales Tax Financing Corporation (COFINA) creditors concerning whether the Commonwealth’s sales and use tax represents “available resources” for satisfaction of GO debt,4 although that is a critical dispute. [read post]
