The tax tribunal held that a taxpayer's capital gain on the sale of its subsidiaries was subject to SBT.(49) In 1992, Amoco Production Company (Amoco) sold two of its wholly owned foreign subsidiaries (Amoco Trinidad and Amoco Argentina) to an
affiliated corporation and recognized a significant capital gain.
After beginning her tenure with Nassau AHRC as a direct support professional, Ciatto worked her way up to hold the top position at Citizens, a sizable Nassau AHRC
affiliated corporation.
The district court granted summary judgment to Hartford Life, and Griffin has appealed.<br />Standard of review<br />Griffin contends that the decision to terminate his benefits was not made by Hartford Life, to whom the policy gave discretion, but instead by Hartford Fire Insurance Company, an
affiliated corporation. Thus, he says, Hartford Fire's decision was subject to de novo review, not abuse of discretion.
165(g)(3) provides that the security of an
affiliated corporation owned by a domestic corporation is not treated as a capital asset.
Formerly the legislation only spoke to furthering the private interests of the Member, spouse, an
affiliated corporation, partnership, or their minor children.
FAWER is an
affiliated corporation of FAW, one of China's largest vehicle manufacturers.
Working through its
affiliated corporation, Mediaplex, Tong Yang signed a formal offer with tube June 13, signaling the company's intent to make and distribute films as well as exhibit them.
Solovey has been appointed chief executive officer of WPI, a Virginia Tech
Affiliated Corporation, headquartered in Blacksburg, Va.
If a subsidiary corporation is not treated as a separate entity from its parent or an
affiliated corporation, the parent or affiliate corporation may become liable for the other's debts.
In the Bronx, the Alexander's Third Avenue store was net leased to an
affiliated corporation of the Conway Stores for 30 years.
v Banks, found that the promoter and an
affiliated corporation, which was managing agent for the joint venture, had breached fiduciary duties owed to the joint venture.
