The relatively benign interest deduction regime will be restricted somewhat for accounting periods beginning on or after 1 January 2010 with the introduction of a worldwide debt cap
The NBA's debt cap
, a figure which Stern described as 'peanuts', is brought into perspective when it is seen against the current debt of English Premier League champions Manchester United whose current debt stands at $1.
An example of this would be the worldwide debt cap
legislation which is still being amended although it has been in force since the beginning of the year.
5 billion, and also begin to include city income tax receipts in its debt cap
calculations, which would require a state Constitutional amendment, and is now not likely, sources say.
DEBT FLEXIBILITY HAS DISAPPEARED: A debt service tax rate at the state's new debt cap
coupled with the district's ascending debt service schedule will likely preclude the district from issuing new money debt in the near term.
Republicans say they won't allow more borrowing unless Democrats agree to restructure benefits programs or cut the deficit; the White House has ruled out negotiations tied to the debt cap
Wesbury, former chief economist to the Joint Economic Committee of Congress, rejected claims by Boehner, Treasury Secretary Tim Geithner and the White House that House inaction to raise the current debt cap
5/10] *For PFI/PPP in the spirit of boosting privately-financed Government projects (in addition to the boosted level of Government funding) there could be a carveout from the worldwide debt cap
provisions for PFI/PPP projects that have, say, ten per cent or greater local authority (or similar "Government"-type entity) equity interest.
But he also urged the government to be flexible if the economy slows further, saying the 30 trillion yen debt cap
for the current fiscal year should not be adhered to too rigidly.
However, on Thursday, the policy chiefs of the three ruling coalition parties agreed that the debt cap
should not necessarily apply for the current fiscal year that began in April, in light of the struggling economy.
Partially mitigating the potential risk associated with an increase in the debt cap
includes the strong forecasted interest coverage, the significant growth in franchise valuations and the limitations in debt as they relate to the size of the national television contracts.
If the debt cap
is imposed this fiscal year, the government will have 1.