Aid to Dependent Corporations
The government of United States is incurring heavy revenue loss on account of the corporate sector subsidies and other special rebates. The friendly policies of the government aimed at promoting a positive business climate are sadly being exploited. In their interests to evade tax, businesses today are taking undue advantage of the favorable federal policies. In this regard I feel that our governments tax policies and corporate procedures need to be reexamined in order to eliminate the loopholes in them and at the same time support the common welfare schemes. Let us analyze the scenario in a little detail so that we can better appreciate the situation.
One by one our leading business corporations are reeling under accounting scams. I need not mention how well such a giant corporation like 'Enron' managed to disguise its financial information from the government and the stockholders. In the prevailing scenario I agree with the author that the government needs to exercise care before granting corporate privileges. Businesses are exploiting the loopholes in tax laws by clever manipulations. One such debatable issue is the 'Foreign tax credit' scheme. The government of United States has lost billions of dollars from multinational corporations in the name of deductions for taxes paid to other nations. A case in point is the ARAMCO oil corporation's tax evasion. [Chuck Collins]. The result is the loss of millions of dollars...
Government Subsidized Student Loans Have Economic Costs but Political Benefits Higher education has become increasingly important in the contemporary world scenario today where globalization has led to a higher need for a skilled labor force that is mobile and that is well-versed in the academic disciplines followed all over the world. In fact university education is starting to be seen as a hallmark for success, even though there are college drop
Risk management in petroleum industry: case study Libya's National Oil Corporation (LNOC) Libya's National Oil Corporation (LNOC) is a Libyan owned oil corporation that carries out the exploration, production and distribution of both crude and refined oil. LNOC also engages in the oil production and sharing agreement with specialized international companies. Typically, L NOC is the biggest oil producing company in Africa and controls 70% of Libya oil. While LNOC
However, there is some common sense in knowing when government is necessary and when too much government is detrimental to quality of life. A world without government would be a much worse world, one in which crimes proliferated, in which an economy would be impossible to maintain on a global scale, and in which public works projects could not be maintained feasibly. Too much government, such as with socialist and
Given this situation, alongside with the other features and strengths of Nucor -- such as an efficient human resource policy, an efficient operational system, vast expertise or fruitful market strategies -- the advice to the investor is that of purchasing the shares in Nucor, as he will soon be presented with the ability to capitalize on his investment. 6. Recommendations Before actually making the recommendations, it is useful to mention that
US Aid to Afghanistan The issue of United States' aid to Afghanistan is a topic of interesting consideration given the current U.S. budget deficit and ongoing economic uncertainty. Over the years the United States has spent billions providing money and food aid to help build strength and confidence in Afghanistan's rising new government. Unfortunately, the results of this have not been entirely positive nor have they been driven by the
Macroeconomics The legal power of the government to intervene in the economy is limited only by the Constitution, the willingness of Congress to pass laws, and the willingness of the executive branch to enforce them. Public Provision National defense, the criminal justice system, the public schools, the interstate highway system, air traffic control, and the national parks are all examples of goods or service that are directly provided by governments in the United
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