The advantage is that, on disposal, the whole of the written down value may be offset against taxable profits.
12.
A mutual fund manager buys and sells stocks all the time, and each of those decisions can create taxable profits.
13.
In short, what once were taxable profits have been turned into virtually untaxed dollars for use anywhere in the world.
14.
He also suggested NTT is banking heavily on the ability to reduce taxable profits in one unit with losses from another.
15.
The company increased its dividend even though taxable profits fell 16.5 percent to 120.4 million pounds ( $ 192.1 million ).
16.
114 Next, it was clear that there is some uncertainty over the application of the territorial source principle to determine taxable profits.
17.
The overseas parent can also charge management fees for services provided to its American subsidiary, and, once again, be paid from once-taxable profits.
18.
One of Anderson's methods was to help clients mask taxable profits by generating tax deductions for phony consulting and management fees to Anderson.
19.
Many countries attempt to impose penalties on corporations if the countries consider that they are being deprived of taxes on otherwise taxable profit.
20.
Further, he wrote that " The tax system encourages excessive distributions since trusts that retain taxable profits are subject to onerous taxation ."
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