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A Reverse Morris Trust is used when a parent company has a subsidiary (sub-company) that it wants to sell in a tax-efficient manner. The parent company completes a spin-off of a subsidiary to the parent company's shareholders. Under Internal Revenue Code section 355, this could be tax-free if certain criteria are met. The former subsidiary (now ...
The company was formed by Verizon in 2009 to facilitate the planned sale of some local subsidiaries to Frontier, which was completed on July 1, 2010. The company was set up to allow for a Reverse Morris Trust merger, allowing Verizon to spin off the company to Frontier tax-free. Its primary purpose was to transfer Frontier ILEC Holdings as well ...
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Pamela Morris, Luis Aragon, Renato Sarmiento Jr., Victor Jose Vergel de Dios, Nicoline Amoranto Mendoza, Jose Tengco III, Oudine Santos and Herley Jesuitas. [ 69 ] In March 2008, Val Southwick of Ogden, Utah , pleaded guilty to operating an elaborate real estate investing Ponzi scheme, believed to be the largest in Utah's history, with losses ...
Morris station, a former railway station in Morris, Illinois; Morris the Cat, mascot of the "9Lives" brand cat food; the title character of Morris the Midget Moose, a Walt Disney animated short; Morris Chair, an early type of reclining chair; Morris College, a private liberal arts college in Sumter, South Carolina; Morris High School ...
Its critical and commercial success prompted Morris to leave teaching and work full-time as an independent writer. In 2010, Morris published Pulitzer: A Life in Politics, Print, and Power . [ 4 ] The Wall Street Journal deemed was one of the five best books on American moguls and one of the five best books on American newspaper publishers [ 5 ...
He was offered a seat on the Council of India, the body created to advise the new Secretary of State for India, but declined, citing disapproval of the new system of administration in India. [23] On 21 April 1851, Mill married Harriet Taylor after 21 years of intimate friendship. Taylor was married when they met, and their relationship was ...