EW maintains that its failure to pay taxes and make deposits on time was due to the fraudulent criminal activities of top officials at the defense agencies, which so permeated the DLA that, despite EW's ordinary business care and prudence, it could not pay its payroll taxes when due without suffering undue hardship.
On the other hand, the Service contends that EW's failure to pay employment taxes timely was due to willful neglect, because it chose to pay other creditors and employees instead of the IRS.
Other losses that may be eligible for 10-year carryback treatment are those due to attorney's fees associated with Sec.
Although the Service did not rule as to the underlying attorney's fees in the case, one could contend that if losses due to an adverse judgment are eligible for 10-year carryback, the associated attorney's fees should be as well.
Yields grew mainly due to fuel cost pass-through initiatives and improved segmentation.
Yields rose primarily due to higher southbound rates as well as cost-based rate increases.
Sales of other farm machinery increased due to expanded sales of combine harvester in China.
Operating income in Internal Combustion Engine and Machinery increased due to increased sales in the U.
Fitch believes that the size of NFS's adjustment for variable annuity risks is modest due to
a conservative product mix with only small amounts of living benefits in the current portfolio, the existence of reinsurance on older policy year contracts still on the books and the amount of current reserves held to offset the risks.
While margins should improve to the mid-to-high teens in the near term, MMC will struggle to restore margins to peak levels for the foreseeable future, especially as insurance brokers enter a more challenging operating environment, due to flat to softening commercial insurance pricing.
While these negative trends are largely built in to MMC's existing ratings, Fitch believes that a Negative Outlook is still warranted, due to uncertainty regarding the longer term effect of the matters discussed above on MMC's operating franchise and profitability.
During 2005, domestic box office receipts were estimated to have declined year-over-year by more than 5% due to
a series of factors including tough comparatives versus the prior year, the generally poorer quality of new release films, and increased competition from at-home entertainment.