Massachusetts Trust

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Massachusetts Trust

A trust whereby the trustee or trustees run a business on behalf of beneficiaries. That is, the trustees act as the managers and the beneficiaries act as shareholders. Beneficiaries may sell their position as beneficiaries. The trustees own all property associated with the business. Income from a Massachusetts trust may be taxed more favorably than other income. The term derives from the first such trust, which was formed in Massachusetts in the late 19th century to avoid local real estate regulation. It is also called a business trust or an unincorporated business organization.
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"Mr Funaki will be responsible for the governance leadership of the Pacific Business Trust as PBT rolls out the expansion of a Pacific economic development strategy in partnership with the Ministry for Pacific Peoples," says Aupito William Sio.
"it has been decided that interest payable by an Indian company or a business trust to a non-resident, including a foreign company, in respect of rupee-denominated bond issued outside India during the period from September 17, 2018 to March 31, 2019, shall be exempt from tax, and consequently, no tax shall be deducted on the payment of interest in respect of the said bond under section 194LC of the (Income Tax) Act," the ministry added.
New Delhi [India], Sep 17 ( ANI ): The union government on Monday announced that interest payable by an Indian company or a business trust to a non-resident, including a foreign company, in respect to rupee denominated bonds issued outside India before July 1, 2020, would be liable for a concessional tax rate of five per cent.
The organization is made up of four First Nations-owned business trusts in Red Rock including the Animbi-igoosagagun Economic Development Trust, the Red Rock First Nation Business Trust, the Papasay Management Corporation and the Biinjtiwaabik Zaaging Anishinaabek Development Corporation.
If 2013 was the year that business trust took a hammering on a range of issues from corporate taxation to energy prices, then 2014 must be the year that business leaders take action to rebuild that trust.
The fund, designed as a business trust, will purchase a stream of Skytrain transit-fare revenue from BTS, providing trust unit-holders with a steady dividend payout.
According to an OCBC analyst quoted by the Wall Street Journal, the Singaporean telecom operator could either shed the satellite unit or separate it in the form of a business trust.Country: AustraliaSector: TelecommunicationsTarget: Optus' satellite businessBuyer: Unnamed buyers.Vendor: Singapore Telecommunications Ltd Type: DivestmentStatus: Speculation, AuctionComment: Target speculated to be worth over USD1bn.
But after getting funding from the Prince's Scottish Youth Business Trust, the East of Scotland Investment Fund and private investors, he opted to improve the home brew he used to make with his dad in their garage.
RCom shares jumped 4.41 per cent to ` 69.80 on the Bombay Stock Exchange ( BSE) following the announcement earlier on Wednesday but closed with a gain of 2.62 per cent at ` 68.60 Anil Ambani- controlled RCom is planning to list the undersea cable unit as a business trust in Singapore and the proceeds from the proposed issue will be utilised to cut its debt, estimated at ` 35,839 crore as of March 31, 2012.
Points Athabasca FHQ was formed through the partnership of File Hills Qu'Appelle Tribal Council LP, Graham Business Trust and Points Athabasca Contracting LP.
Moneyline will receive an initial pounds 100,000 from the Social Business Trust, as well as professional input from some of the trust's partners - which are Credit Suisse, Ernst & Young, Clifford Chance, Permira, Bain & Co and Thomson Reuters - worth up to pounds 300,000.
The HPH Trust is the world's first publicly listed container port business trust.
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