In this situation, the affiliated
group would enjoy a double benefit from the exemption (i.
Hence, although taxpayers have in the past taken exception to the Department of Revenue's proposed treatment of royalties paid to affiliated
companies, there is scarcely a question among taxpayers that the Department is the proper State agency to address any perceived abuses in this area.
The Board proposed to reserve its authority to reimpose the funding, credit extension, and credit enhancement firewalls in the event that an affiliated
bank or thrift institution becomes less than well capitalized and the bank holding company does not promptly restore it to the well-capitalized level.
425 per share (the average closing price for the 10-day period ended June 9, 1993) and that the maximum number of Affiliated
Series A shares were exchanged for cash, approximately 34 million shares of Times Stock would be issued in the merger.
For more information on Affiliated
Managers Group, Inc.
The following factors (listed in descending order of importance) will be considered in determining whether an organization is closely affiliated
with a governmental unit: * The organization is financially accountable to one or more governmental units that is, it is required - it does not just volunteer - to report to governmental units (at least annually) information comparable to that required on Form 990, and is subject to financial audit by the governmental units to which it reports--not just under a government grant or other contract).
Worldwide is the umbrella corporation of Affiliated
Media Group, Affiliated
Broadcasting, and Affiliated
Real Estate and Development.
subsidiaries wholly owned by two or more foreign corporations with a common parent corporation will also be considered members of an affiliated
group and thus one taxpayer for purposes of the earnings stripping provisions.
However, some firms were acquiring necessary voting power while much, if not most, of the value of the stock was in the hands of individuals or entities that were not part of the affiliated
investment management firms managed approximately $77 billion in assets at June 30, 2003.
companies (Echo Sound Services, Weddington Productions, Pacifica Sound Group, Digital Sound Works and Larson Sound Center) have amassed five Academy Awards, over 60 Emmy Awards and numerous Golden Reel awards for their work.
The first group of affiliates to benefit from this offering are those Newsource stations affiliated
with Internet Broadcasting Systems, Inc.