The defendant also appealed his sentence, arguing that the district court had improperly calculated the amount of tax loss
resulting from the fraudulent returns.
To be globally competitive, Canada should implement a formal Loss-Transfer System--or otherwise provide for group tax loss
They generally don't have a tax loss
because the depreciated value of their contents is less than their insurance proceeds.
Of 30 OECD member countries, Canada is 1 of only 9 countries that does not provide group tax loss
relief directly through its legislation.
TEl noted that a formal tax loss
-transfer--or group tax loss
relief--mechanism has been a matter of debate in Canada since the government eliminated the previous system in 1952.
A formal tax loss
-transfer mechanism--or group tax loss
relief--has been a matter of discussion in Canada for many years.
3 million in long-term obligations and recognized and extraordinary after tax loss
carryforwards were $96,474 for the second quarter of fiscal 1993 and $37,771 for that period a year ago.
As described in detail in the proxy statement/prospectus first mailed to stockholders on or about May 31, 2005, the common stock of Aether Holdings carries the same rights and obligations as common stock of Aether Systems, except that the Aether Holdings common stock is subject to certain transfer restrictions intended to help protect the long-term value of Aether's tax loss
Our tax loss
carryforwards are a valuable asset to Aether and its stockholders and an important component of our business strategy," said David S.
Herndon forecasted that revenues for 1993 would reach $8 million, which should translate into a profit of $4 million or approximately 33 cents per share after taxes and allowance for tax loss
8 million or 16 cents per share from the utilization of tax loss
carryforwards and restructure of a portion of the company's 14-1/2 percent Subordinated Debentures.