Mom in van vs. train crash dies Sep 13, 2007
Joe1 wrote on Sep 11, 2007 9:09 AM:" I think they should build a giant bridge over the crossing at a cost of millions like they did in Portage after a truck got hit by a train. Also, they should build it sub-standard like they did in Portage that way the taxpayers could pay even more for its upkeep and repair. Also, it should be outsourced to a foreign corporation. The person driving the vehicle is not responsible for their own actions. It was the train's fault for inconveniencing them in their... (Munster Times, IN)
99-year no-compete clauses granted foreign investors Sep 7, 2007
But Golden officials, fearing the encroachment of transportation megaprojects, warned that to privatize the Northwest Parkway operations "requires payments to the foreign corporation if certain roads or facilities are built in the area that would compete with the toll road.". "The lease provides that 'the construction of a Competing Transportation Facility' constitutes an action that gives the foreign corporation the right to terminate the lease and seek significant damages from the Highway... (WorldNetDaily)
Airlines To Pay $300 Million Each For Price Fixing Aug 26, 2007
"As a foreign corporation with headquarters outside the United States, BA could have retained highly relevant documents in its foreign offices and refused to cooperate," prosecutors wrote. "It chose, however, to assist the United States early in its investigation in a highly significant and useful way.". (CBS2.com, CA)
Superior Offshore International Reports Second Quarter 2007 Preliminary Results Aug 15, 2007
In late July 2007, the Company determined that it was the tax withholding agent for a vessel owned by a foreign corporation operated in U.S. waters in 2004 and 2005. The charter agreement stipulates that the vessel owner is responsible for payment of taxes. (Primezone Releases)
Enerplus announces 2007 second quarter operating and financial results Aug 2, 2007
The dividends would then become a "non-qualified dividend from a foreign corporation" subject to the normal rates of tax commencing with dividends received after the date of enactment. The proposed bill still requires the approval of the House of Representatives, the Senate and the President prior to it being enacted. (Canada Newswire)
BP argument shows amazing lack of logic Aug 1, 2007
Imported Pollution wrote on Jul 30, 2007 2:15 PM:" Was this editorial written by a BP employee? I can't think of anyone else so supportive of this for-profit corporation, other than, perhaps, its shareholders. It doesn't matter that BP's proposed increase of pollution is within regulatory limits--that doesn't mean that they should automatically get a permit. (Government pollution standards are far to lax anyway.) The people in this region do not want BP to further pollute Lake Michigan, and that... (Northwest Indiana Times)
Rawlings, Mrs. Rawlings, and PV Obeng did they or didnt they Jul 22, 2007
No African is named as a defendant but the details of how a foreign corporation bribes its way at Africas highest levels emerges from the court proceedings and unfortunately some very familiar Ghanaian names are highlighted in uncomplimentary ways as principal players. Here we go. (Ghana Web, Ghana)
First BanCorp Announces Date of Its 2007 Annual Meeting of Stockholders and Deadline for Submitting Stockholder Proposals Jul 14, 2007
In the U.S. Virgin Islands, FirstBank operates First Insurance VI, an insurance agency; First Trade, Inc., a foreign corporation management company; and First Express, a small loan company. First BanCorp's common and preferred shares trade on the New York Stock Exchange under the symbols FBP, FBPPrA, FBPPrB, FBPPrC, FBPPrD and FBPPrE.. (PR Newswire)
Our readers speak Jul 5, 2007
If every Montana resident put in a buck or two, it would help the coalition of cities to raise the bar against a foreign corporation. I have no personal beef with Babcock Infrastructure, but let us be honest they see a honey pot and they aren t about to let it go. (Montana Standard, MT)
Indiana lawmakers at odds over the long-term financial benefits of leasing toll road Jun 28, 2007
The hostility will be there because then it will be more visible that you're contributing to this foreign corporation, he said. But Daniels believes that people will see the benefits of improving roads without tax increases. (San Diego Union-Tribune -- Business)
NTTA felt pressure to skip 121 bid Jun 21, 2007
They just said it should be a foreign corporation, and I can t say that was their words but that was the thought behind it, that they didn t want, in essence, NTTA to do it. All private bidders for the SH 121 contract were foreign corporations. (McKinney Courier-Gazette, TX)
Pan Ameri Energy LLC UK Regulatory Announcement: 3rd Quarter Results May 18, 2007
On July 13, 1995, Resolution No. 10982 of the CNV authorized the short and medium term bond program submitted by the branch in Argentina of the foreign corporation Amoco Argentina Oil Company for a total maximum amount of US$ 200,000,000, nominal value. The bonds are issued as Obligaciones Negociables (negotiable obligations). (BusinessWire)
German steelmaker to build $2.9B plant in U.S. May 11, 2007
By David J. Lynch, USA TODAY One of the largest industrial investments in the USA by a foreign corporation in several years is scheduled to take a major step forward Friday. The board of ThyssenKrupp, meeting in D. (USA Today -- Money)
A private-sector solution for our roads May 2, 2007
"Who would you go to if there was a problem with snow plowing? Now you have a foreign corporation who is trying to make money for their investors and they are operating the turnpike the way they see best, which may not be the best way for the people who use it. As far as operating a government entity, so to speak, we think that they do that pretty well and probably ought to stay in the hands of an agency over which there is some oversight." Oversight and control reflect concerns for others.... (Pennsylvania Northeast Business Journal, PA)
TransAKT Ltd. announces change of independent auditing firm Apr 21, 2007
Taiwan Halee International Co. Ltd. ("HTT") is a wholly owned subsidiary of TransAKT Ltd. The Company trades in the U.S. as an OTCBB foreign corporation listed under the ticker TAKDF.. For further information: James Wu, President, (403) 290-1744; Christian Nielsen, (403) 290-1744. (Canada Newswire)
TransAKT Ltd. announces merger discussions with Chinese Sanyo distributor Apr 16, 2007
Taiwan Halee International Co. Ltd. ("HTT") is a wholly owned subsidiary of TransAKT Ltd. The Company trades in the U.S. as an OTCBB foreign corporation listed under the ticker TAKDF. This press release contains certain forward-looking statements regarding the Company's beliefs about HTT and its sales prospects, and regarding TransAKT's ongoing ability to attract and acquire further complementary businesses. These forward-looking statements involve certain risks and uncertainties that could... (Canada Newswire)
HK bank may take 25% stake in Affin Holdings Apr 14, 2007
While the maximum limit for foreign shareholdings in local banks is 30%, no single foreign corporation can own more than 20. The foreign entity would need the central bank's approval if it wanted to buy a stake larger than 20. (The Star Online, Malaysia -- Business)
MD: Bank of East Asia could take 25% stake in Affin Holdings Apr 13, 2007
While the maximum limit for foreign shareholdings in local banks is 30%, no single foreign corporation can hold a stake of more than a 20. Referring to BEA, Lodin said, "We view their participation (in the group) as being positive and able to add value to the group because they one of the biggest private bank in Hong Kong, and they have a very big branch network in China and other parts of the world. "We hope that Affin Bank can establish its presence in those markets where they are very strong. (The Star Online, Malaysia -- Business)
Widow files lawsuit against Green Tree Servicing Apr 6, 2007
A foreign corporation that does business in Rapid City is being sued by the widow of a man fired in 2005 after the effects of his brain cancer caused him to often be absent from work. Green Tree Servicing is being sued for disability discrimination, violating the Family Medical Leave Act and wrongful discharge. (Rapid City Journal, SD)
Talley is sold to weapons company Apr 4, 2007
Because Talley is a U.S. defense contractor, four government agencies had to sign off on its sale to a foreign corporation: the U.S. Trade Commission and the departments of State, Treasury and Defense. The companies also had to agree to safeguards that prevent the transfer of sensitive technology without government approval. (AZCentral -- Business)
TransAKT LTD. shareholders update Apr 2, 2007
Taiwan Halee International Co. Ltd. ("HTT") is a wholly owned subsidiary of TransAKT Ltd. The Company trades in the U.S. as an OTCBB foreign corporation listing under the ticker TAKDF. Cautionary Note Regarding Forward-Looking Statements This press release contains certain forward-looking statements involving certain risks and uncertainties that could cause actual results to differ, including but not limited to, our limited operating history and history of losses, and our inability to compete... (Canada Newswire)
Canetic Resources Trust Provides 2006 US Tax Information Mar 7, 2007
We have every reason to believe that Canetic dividends should appear as "Qualified Dividends" on Line 1(b) of the 1099-DIV forms received for 2006 since the Trust has undertaken measures to ensure it has been included as a "qualified foreign corporation" on a database established and maintained by several U.S. brokerage firms. Registered unitholders will receive form 1099-DIV directly from Canetic's transfer agent. (PR Newswire)
Letters to the Editor - February 27, 2007 Feb 28, 2007
Not only will Gov. Rick Perry s Trans Texas Corridor eat up vast swaths of privately owned farmland, but the contract to build and run this for-profit toll road was awarded to Centra, which is a foreign corporation owned by King Juan Carlos of Spain. Other roads that Texas has already bought and paid for are now being sold to various corporations to operate as toll roads. (Texarkana Gazette, TX)
NRI taxation may see changes in Budget 08 Feb 22, 2007
The introduction of anti-abuse rules in the domestic law to curb the practice of treaty shopping, controlled foreign corporation regulations, norms on thin capitalisation and so on are likely to be incorporated in the direct tax code. Provisos and explanations in the existing Act are proposed to be done away with. (India Times)
Off the Top of His Head Feb 15, 2007
A whole list of grassroots groups opposed to the Trans-Texas Corridor have sprung up, opposing the taking of nearly a million acres of land for toll roads that would, in effect, be leased long-term to a foreign corporation that would build the roads and then get to keep all profits from them for decades ... Critics of the TTC and other Perry initiatives say their math shows that, were it not for Perrys anti-tax stance, Texas could have funded its highway needs and other responsibilities ... (FWWeekly)
Corus takeover turns India euphoric Feb 1, 2007
And many are asking if, in these heady times, Indian companies will maintain the sobriety needed to manage the difficult and nuanced process of acquiring and digesting a foreign corporation. Outside the board room, at least, sobriety seems in short supply. (International Herald Tribune -- Business)
Canetic Resources Trust releases 2006 US tax reporting information Jan 16, 2007
The portion of Canetic's trust distributions that is considered a dividend for U.S. Federal income tax purposes is determined based upon the greater of Canetic's current or accumulated earnings and profits ("E determined in accordance with U.S. Federal income tax principles. Canetic is currently in the process of calculating its Er U.S. tax law. With respect to cash distributions paid in 2006 to U.S. individual unitholders, the percentage to be reported as a taxable qualified dividend and the... (PR Newswire)
Lendman: Tom Paine's Spirit Jan 7, 2007
O'Grady says nothing about opposition candidate Manuel Rosales, chosen in Washington, getting millions of US-funded covert dollar support, something that never would be tolerated here by a foreign government in a US election or a foreign corporation. She cites the "independent electoral watchdog group known as Sumate" for another phony complaint, again failing to disclose this organization was formed in 2002, is funded by the Bush administration to subvert the democratic process in Venezuela,... (Zmag.org)
[LAW TALK]Your right to relief from government actions Jan 2, 2007
Recently, the most famous examples of a foreign corporation disagreeing with a government disposition and filing an administrative lawsuit are a Government of Singapore Investment Corporation, or GIC, case (mentioned in this column on August 23) and a Microsoft case. In the first case, after purchasing Star Tower a subsidiary of GIC was billed 16. (Korea Herald, Korea)
• Attorney discipline most in decades Dec 12, 2006
NoDak John wrote on December 11, 2006 9:21 AM:"Most assuredly the people need to keep a watchful eye on any body which operates as a quasi branch of OUR government. Since the BAR (British Accreditation Registry) is a foreign corporation incorporated in England and owned by the Rothschild family, I wonder upon whose orders those attorneys were prosecuted. Perhaps the members of the ND BAR were totally unaware of their progenitor and were acting nobly.". Add Your Own Comments. (Bismarck Tribune, ND)
Onex and Goldman in talks for Raytheon unit-source Dec 11, 2006
Industry-watchers have noted that a foreign corporation such as Onex would face greater scrutiny as a buyer of U.S. defense-related assets. The approval process could reach the Committee on Foreign Investments in the United States, which is administered by the U.S. Department of the Treasury, now headed by former Goldman Sachs chief Henry Paulson, who is U.S. Treasury Secretary. (Reuters)
SUMMIT EYES $2 MILLION PLAN FOR GROWING Dec 10, 2006
"In 1996, its principals, Frank Myrick and Pate's father, Dick Pate, and the remaining stockholders sold it to Kluber Lubrication in Munich, Germany.Pate said Summit has continued to grow under a second generation of management, and even though it is a subsidiary of a foreign corporation, it maintains a family culture.The company employs 70 people. Pate said about 12 are in sales and about 25 are in manufacturing. The remaining employees work in the office.It sells through a network of 700... (Tyler Morning Telegraph, TX)
Scripps, Pfizer sign licensing deal Dec 2, 2006
Some legislators suggested that the Scripps-Sandoz deal made the federal government, through its grants to Scripps, a patron of a foreign corporation. The partnership was eventually retooled before it took effect in 1997, scaling back the control Novartis had over Scripps' scientists and their work. (San Diego Union-Tribune)
Full judgement Nov 14, 2006
Constitutional Law (Cth) Powers of federal Parliament Workplace Relations Amendment (Work Choices) Act 2005 (Cth) amended Workplace Relations Act 1996 (Cth) Amending Act altered primary constitutional basis of Workplace Relations Act 1996 (Cth) so as to place reliance on s 51(xx) instead of s 51(xxxv) of the Constitution Constitutional validity of Workplace Relations Amendment (Work Choices) Act 2005 (Cth) Whether s 51(xx) of the Constitution confers power upon the federal Parliament to regulate... (Sydney Morning Herald -- Australia)
Lendman: Exporting Agitprop Nov 7, 2006
Those activities are illegal in the US, and it's unimaginable how loud the wails of protest and outrage would be if it was learned another country or foreign corporation funded political candidates at any level here or interfered in any way in this country's electoral process. Whatever the rules are for others, it doesn't deter what Washington claims as its divine right anywhere in the world. (Zmag.org)
George Soros-Funded Front Group Launches Defamation Campaign Against ALG Oct 27, 2006
In 2002, Americans for Limited Government registered with the Illinois Secretary of State as a foreign corporation as a formality, even though, as noted, it was not required. "Apparently," Tillman noted, "no good deed goes unpunished -- at least not when you've got people who are paid to sling false accusations your way." This registration, which ALG was under no obligation to have in the first place, lapsed when renewal notices were not forwarded to the correct address. (PR Newswire)
First BanCorp Completes Restatement for 2000-2004 Periods Sep 27, 2006
" Implementation of Long-Haul Method of Accounting for Interest Rate Swaps First BanCorp previously announced that, on April 3, 2006, it adopted the long-haul method of effectiveness testing under Statement of Financial Accounting Standards No. 133, "Accounting for Derivative Instruments and Hedging Activities" ("SFAS 133"), for substantially all of the interest rate swaps that hedge the brokered CDs and medium-term notes issued by its subsidiary, FirstBank. Prospectively, changes in the value... (PR Newswire)
Rhodes, Tucker & Garretson named members of President's Circle Aug 31, 2006
For over 25 years, Rhodes, Tucker tson has provided excellent representation to a diversified client base of foreign corporation and individuals, local banks, service organizations, corporations and many residents of Marco Island. Marco Island Sun Times 2006. (Marco Island Sun-Times, FL)
Going Global, Part II Aug 17, 2006
From a U.S. tax perspective, it's possible to treat a foreign corporation as if it were a branch of your company for tax purposes. Hiring someone overseas to work for your company seems like a tricky proposition. (BusinessWeek)
Karla Duarte Aug 8, 2006
Wil Gustalman wrote on August 05, 2006 2:12 AM:"Endangered Species Act .. This IS a federal 'Act' ? Therefore this 'act' applies only to a federal area( forts, territory, military bases, post office)! Study (e.g. be 'informed') the definition of the 'United States.' Funny .. always thought Idaho et al. was a country unto itself (consequently recognized as a 'state of the union'..AFTER its organic Constitution set up its respective 'government' with caveats to protect the rights of its 'people'... (Great Falls Prairie Star, MT)
Wil Gustalman Aug 8, 2006
The Prairie Star: Opinion. Rural property rights, safety of people are what's endangered. (Great Falls Prairie Star, MT)
Firm with polygamist ties moves to valley Aug 3, 2006
On July 3, Newera Manufacturing was registered in Nevada as a foreign corporation, according to the secretary of state's office. Newera would not be the first company with ties to Jeffs operating in Las Vegas. (Las Vegas Sun)
Oman Free Trade Agreement: Another Ports Scandal - With No Out Jul 21, 2006
Imagine if Congress were slapped with a lawsuit demanding payment of millions of our tax dollars because Congress protected our national security by denying a foreign corporation the right to run our U.S. ports ... Here in the UK we have become rather used to foreign corporations owning what used to be UK assets. (Huffington Post)
Realty Reality: FIRPTA Requirements Bother Some Sellers Jul 21, 2006
Since 1985 FIRPTA has required that a buyer of real property in the United States must withhold 10 percent of the gross sales price and send it to the IRS if the seller is a "foreign person." For these purposes, a foreign person is a nonresident alien or a foreign corporation that has not made the election to be treated as a domestic corporation. A U.S. citizen is not a foreign person, nor is a resident alien who is the holder of a current "green card.". (RealtyTimes)
First BanCorp Announces Payment of Common and Preferred Dividends Jun 2, 2006
In the U.S. Virgin Islands, FirstBank operates First Insurance VI, an insurance agency; First Trade, Inc., a foreign corporation management company; and First Express, a small loan company. First BanCorp's common and preferred shares trade on the New York Stock Exchange, under the symbols FBP, FBPPrA, FBPPrB, FBPPrC, FBPPrD and FBPPrE. Safe Harbor The Corporation wishes to caution readers not to place undue reliance on any such "forward-looking statements," which speak only as of the date made... (PR Newswire)
Co. Commission Concerned With Sale of Palisades Plant Jun 1, 2006
The coalition also feels that if the buyer is a foreign corporation, there would be an even greater need to establish communication links between the new buyer and Van Buren County local units of government and school districts. "We just want to make sure that the new owner will promise us the same things that Consumers Energy promised us. If we don't voice our concerns now, we would legally lose our rights after it sold," said Board Chairman Tom Tanzcos. (Paw Paw Courier Leader, MI)
The Great Iraq Oil Grab May 28, 2006
The United States crafted a new oil law for Iraq that provided for production sharing agreements (PSAs), which are contractual terms between a government and a foreign corporation to explore for, produce and market oil. Production sharing agreements are not used by any country in the Middle East or, in fact, by any country that's truly wealthy in oil. (Ocnus.net)
Act extends cuts on capital gains, other taxes May 23, 2006
What's more, to qualify for the lower tax rate, the dividends must have been paid by a U.S. corporation or a qualified foreign corporation and must meet other conditions. "The best part of the new tax law is the extension of the 15 percent rate on capital gains and dividends to 2010," said John Eads, a certified public accountant and partner at Smith, Jackson, Boyer and Bovard in Dallas. (KGW Northwest NewsChannel 8, OR -- Business)
Pol is pushing for re-energized talks about LIPA May 22, 2006
Alessi isn't alone in expressing concern about the sale, which will put a dozen regional power plants owned by KeySpan in the hands of a foreign corporation. LIPA itself has put on hold a new management service contract with KeySpan pending negotiations with National Grid for a more competitive agreement. (Newsday -- Business)
Mychalejko:Resistance in Ecuador May 16, 2006
The constitution mandates that the government consult the communities, not a foreign corporation. And although the tribunal overturned the initial ruling, the decision doesn't set a bad precedent because it didn't discuss the case's merits. (Zmag.org)
By-elections fail to end Thai political crisis Apr 26, 2006
Opposition leaders also denounced the sale of a key Thai asset to a foreign corporation. The rallies also attracted broader layers including workers threatened by privatisation, teachers fighting Thaksins plans to decentralise state education and those opposed to the governments blatant attacks on democratic rights. (Asian Tribune)
Stone Mountain Tile Manufacturer Westminster Ceramics Wins Temporary Restraining Order Against Former President, Sr. Vice President and Gwinnett Company Terra Opus Apr 17, 2006
Terra Opus LLC, located at 2650 Button Gwinnett Drive, Atlanta, Gwinnett County, GA. 30340, is a registered foreign corporation in Georgia. Its chairman and principal shareholder is Peter Maniscalco, who is also president of Artistic Stone, Inc., an Australian company which unsuccessfully attempted to buy Westminster Ceramics in 2005. (PR Newswire)
Peyto Energy Trust announces 2005 United States tax information Mar 21, 2006
As a corporation, we believe we will also be considered a Qualified Foreign Corporation ("QFC") for U.S. income tax purposes. The taxable portion of the trust distributions for U.S. income tax purposes is determined based upon Peyto's current and accumulated earnings ts ("E determined in accordance with U.S. income tax law. With respect to cash distributions paid in 2005 to United States unitholders, 75.34% would be reported as qualified dividends and 24.66% would be reported as non-taxable... (PR Newswire)
Ports deal puts focus on vetting Feb 26, 2006
"Where did the committee make a mistake? Where is the company that was sold to a foreign corporation where the national security of the United States is weaker today?" asked Tony Fratto, a spokesman for the Treasury Department. More than national security is at stake, others say. (Sunspot.net -- Business)
The Untold Story About the Ports Deal Feb 24, 2006
Given the jobs situation in the US, though, why are we outsourcing port operations to any foreign corporation. . (AlterNet.org)
