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Advantage General Insurance Company Limited v The Commissioner of Taxpayer Appeals (Jamaica) [2016] UKPC 8: Ennismore Fund Management Limited v Fenris Consulting Limited (Cayman Islands) [2016] UKPC 9: Brown's Bay Resort Ltd v Pozzoni (Antigua and Barbuda) [2016] UKPC 10: Koo Seen Lin v Grewals (Mauritius) Ltd (Mauritius) [2016] UKPC 11
The CAMELS system failed to provide early detection and prevention of the financial crisis of 2007–2008. Informed and motivated by the large bank failures, and the ensuing crisis, in June 2009 the FDIC announced a significantly expanded Forward-Looking Supervision approach, and provided extensive training to its front line bank examiners.
CIC Services, LLC v. Internal Revenue Service , 593 U.S. ___ (2021), was a United States Supreme Court case in which the Court held that a suit to enjoin IRS Notice 2016–66 did not trigger the Anti-Injunction Act even though a violation of the notice may have resulted in a tax penalty.
Thor Power Tool Company v. Commissioner, 439 U.S. 522 (1979), was a United States Supreme Court case in which the Court upheld IRS regulations limiting how taxpayers could write down inventory. Thor manufactured equipment using multiple parts that it produced. It capitalized the costs of these parts when produced.
The internal affairs doctrine is a choice of law rule in corporate law.Simply stated, it provides that the "internal affairs" of a corporation (e.g. conflicts between shareholders and management figures such as the board of directors and corporate officers) will be governed by the corporate statutes and case law of the state in which the corporation is incorporated, [1] [2] [3] sometimes ...
A Spanish corporation, Compañía General de Tabacos de Filipinas, claimed that a tax on goods it shipped was unlawfully imposed by the Collector of Internal Revenue. The company bought goods, stored them in a Philippine warehouse, and notified the value to its Barcelona head office, which insured them through a company in London. The company ...
Internal Revenue Code Inaja Land Co., Ltd. v. Commissioner , 9 T.C. 727 (1947) [ 1 ] was a United States income tax case which discussed whether, and how much, basis the taxpayer could recover to offset a gain from compensation from the government for an easement on his land.
A&A Mechanical v Petroleum Company of Trinidad - This was a multi-million-dollar commercial dispute which resulted in the national oil company having to pay millions of dollars to a local contractor. It is now a leading case on the law on "without prejudice" communications in the context of commercial negotiations.