Enacted as part of the Tax Reform Act of 1986, the ACE adjustment will replace the rather arbitrary book income adjustment as a means of capturing a measure of economic income
within the AMT income base.
The corporate alternative minimum tax (AMT) was enacted by TRA86 to tax corporations that have substantial economic income
, but pay no, or nominal, regular tax because of tax preferences or because of net operating loss (NOL) or credit carryforwards.
By its very nature, the NOL provision seeks to prevent taxation of those taxpayers that do not have economic income
6 million on a GAAP and economic income
basis in 2017, increased 68% year over year and was led by strong performance in equity financings.
The Ministry of Agriculture and Irrigation (MINAGRI) through the "Sierra Azul Fund" seeks to increase agricultural water security by contributing to the prosperity of agriculture by planting and harvesting water from agricultural and high Andean areas, favoring first and foremost those farmers with lower levels of economic income
Other benefits are the improvement of tourism and cultural activities in Lagos Island alongside the National Museum; improve the economic income
generation as a result of high human traffic to the area and to serve as a catalyst for the urban regeneration of Lagos Island through the execution of the Eko Regeneration Master Plan, among others.
It also revealed the share of national economic income
going to households has declined progressively in recent years to the point where it now stands well below historic norms.
Cowen continues to expect the acquisition to be accretive to economic income
per share and return on tangible common equity in 2018.