Search results
Results from the WOW.Com Content Network
Formulary apportionment does not reflect the economic profit or loss of each entity. For example, a profitable group that incurs a loss in a particular territory has taxable profit apportioned to that territory, and conversely a loss-making group which makes profits in a particular territory has no taxable profits in that territory. [ 19 ]
The courts have held that the requirement for fair apportionment may be met by apportioning between jurisdictions all business income of a corporation based on a formula using the particular corporation's details. [46] Many states use a three factor formula, averaging the ratios of property, payroll, and sales within the state to that overall.
Allodial title is related to the concept of land held in allodium, or land ownership by occupancy and defence of the land. Most property ownership in common law jurisdictions is fee simple . In the United States, the land is subject to eminent domain by federal, state and local government, and subject to the imposition of taxes by state and/or ...
Registered title to land is guaranteed by the State (and a special trust fund) to be solid ("good against the whole world") and is rarely challenged. Original applications to register new land parcels have become rare in Hawaii in recent years. It is possible, under a Hawaii statute, to take land out of the Land Court system into the Regular ...
To the same category belongs the apportionment of rent which takes place under various statutes (e.g. the Lands Clauses Consolidation Act 1845 (8 & 9 Vict. c. 18), section 119, when land is required for public purposes; the Agricultural Holdings Act 1883 (46 & 47 Vict. c. 61), section 41, in the case of a tenant from year to year receiving ...
The Facebook founder and billionaire Mark Zuckerberg came under scrutiny in 2017 when he attempted to integrate property titles that had been established by the Kuleana Act into a 700-acre (280 ha) estate, which he intended to assemble in Hawaii by using quiet title lawsuits to establish the ownership of ambiguously-titled parcels of land. [3]
Once an instrument affecting the title to real estate has been recorded, the law holds that everyone is deemed to know of its existence, even if they have not searched the records in the recorder's office. This is the doctrine of "constructive notice" and it is nearly universal in the various states of the U.S. So, for example, after a deed or ...
A kuleana is the smallest portion of land in the traditional ahupuaʻa system of land management and would be cultivated by a single tenant family on behalf of a regional chief. These rights were first acknowledged in statute as part of the Great Māhele of King Kamehameha III and the Kuleana Act of 1850 and continue to be protected by the ...