Search results
Results from the WOW.Com Content Network
Thus the corporation is a domestic corporation in Delaware or Nevada, and is a foreign corporation in any other state (or country) with which it registers. While there may be tax benefits as a result of choosing where a corporation's domestic jurisdiction is located, registering as a foreign corporation in another state can create new tax ...
The New York State Constitution, Art.X, sec. 5, provides that public benefit corporations may only be created by special act of the legislature. In City of Rye v. MTA, 24 N.Y.2d 627 (1969), the court of appeals explained that "The debates of the 1938 Convention indicate that the proliferation of public authorities after 1927 was the reason for the enactment of section 5 of article X....
Best known is the MAC created for New York City during the 1975 New York City fiscal crisis. The corporation was born of a recommendation made by a special panel composed of Simon H. Rifkind, Felix G. Rohatyn, Richard M. Shinn and Donald B. Smiley. [1] The majority of appointees to the corporation’s board were made by the Governor, initially ...
A quasi-foreign corporation (also known as a pseudo-foreign corporation) is a corporation incorporated in a jurisdiction with which it has minimal business contacts. . Corporations may incorporate in foreign jurisdictions in order to minimize liability, taxes, or regulatory int
A man wanted for questioning in the death of a woman set ablaze on a subway train is seen in a combination of still images from surveillance video in New York City on Dec. 22, 2024.
The nonpartisan Tax Foundation estimated that a 10% universal tariff would increase taxes on American households by an average of $1,253. Winegarden said tariffs are part of Trump’s tax plan ...
New York City Bar "Report offering proposed guidance regarding the passive foreign investment company rules", September 2009. (See section 3 for a summary of current law.) Kuntz & Peroni, U.S. International Taxation, ISBN 978-0-7913-1136-3; Moore, Outslay & others, U. S. Tax Aspects of Doing Business Abroad, ISBN 978-0-87051-620-7
Prosecutors say Alvarez owned and ran the Bronx-based company ATAX New York, which they described as a “high-volume tax preparation company.” The company prepared about 90,000 federal income ...