Under EU law, profits of such CFCs should not be subject to additional taxation in the country of the parent company if the subsidiaries are engaged in genuine economic activities.
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Since then his experience has been limited to the world of non-profits, law firms, universities and politics.
In addition, Parliament is expected to pass a law levying a tax on 100% of profits from properties sold within one year of purchase, on two-thirds of the gain in the second year and on one-third in the third year.
BDCs, which are obliged by law to distribute at least 90% of their net profits to shareholders.
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And the fact is, some insurance companies tried to raise rates even before we passed the law, even though some of them were making record profits.
Mr Brickman of Cardozo School of Law is lobbying Congress to impose an excess-profits tax on the lawyers' fees.
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The law does not contemplate any increase of rate, should the actual profits of the year exceed those determined by the provided criterion.
Not surprisingly, a byproduct of the emphasis on profits has been lateral hopscotching between Big Law firms.
The foundation seeks the return of any profits, as well as the drastic damages prescribed by law for trademark and copyright infringement.
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She said the iPhone maker hadn't given enough evidence of lost profits to justify an increase in its award and neither company had cited enough case law to back up some of their claims.
Business would be allowed to "carry back" their losses in 2008 and 2009 and apply them against profits during the previous five years, instead of the last two years, as the law currently allows.
In her 27-page order, however, the judge also discussed Apple's request for additional damages, arguing instead that the iPhone maker hadn't given enough evidence of lost profits to justify an increase in its award and how neither company had cited enough case law to back up some of their claims.
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