It is thought that some of the profits from the operation were being used to fund paramilitary groups in Colombia.
The company cut prices an average of 2% to 3% every year during the last decade while expanding aggressively, and still manages to squeeze more profits from the operation on a yearly basis.
When a corporation sells a bond and agrees to pay, for example, a 6% interest rate, they are betting that they can invest that money in their operation in such a way as to grow profits by greater than 6%.
Its profits collapsed overnight, and in the rescue operation both Robert and Michael Greenberg were ousted.
Petitioner used profit and loss statements prepared with QuickBooks, but there is scant evidence that petitioner used them for the important purposes of cutting expenses, increasing profits, and evaluating the overall performance of the operation.
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After one year of operation, the JV has already made 6 million RMB in net profits.
The result has been a bloated cost structure that drags down profits when revenues from the bank's volatile mortgage operation fall.
From the great number of complaints which we have heard respecting the operation of the Income Tax as to the mode in which the profits of trades and professions under Schedule D are determined, we have reason to believe that a provision in the act, very important to the mercantile community, has been quite overlooked, or is little known.
Those fees, among the highest in the industry, include 3% of clients' assets managed by the firm plus as much as 50% of investment profits, according to fund documents and people close to the operation.
Mr Alexander added that the government, together with Germany and France, was putting additional funds into the Organisation for Economic Co-operation and Development, to aid work on establishing global agreements to prevent companies avoiding tax by moving profits from one country to another with a lower tax rate.
He says his companies never made any profits on the Coca-Cola venture and that they played an indispensable role in keeping the CCBU operation afloat.
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