Not exact matches
With U.S. president Donald Trump vowing to pursue border
taxes, renegotiate the North American Free Trade Agreement and implement
policies that put «American workers and
businesses first,» Canada has reason to be concerned.
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our
business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial,
business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for
business aircraft, including the effect of global economic conditions on the
business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in
tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other thin
tax law, such as the effect of The
Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other thin
Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco
business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to
business relationships and other
business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing
business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government
policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
As
business - friendly as Trump's
tax and regulation stances may be in the short term, these
policies are growth killers.
«The most pressing areas where government,
business and other stakeholders can find common ground should include
tax reform, infrastructure investment, education reform, more favorable trade agreements and a sensible immigration
policy.»
Many of the
policies that Barack Obama has advocated - the Affordable Care Act (ACA), banking reform, and changes to
tax rates, the minimum wage, and regulations - make life more difficult for small -
business owners.
All across the board — regardless of gender, minority status or political leaning — small -
business owners wanted to hear the presidential hopefuls address the topics of small
business (66.23 percent), the economy (59.10 percent) and
tax policy (53.95 percent), first and foremost.
The one
policy change that the respondents said would support small
business was strengthening the economy, at 52.28 percent, followed by
tax cuts at 19.35 percent.
As I have explained elsewhere, many of the
policies put in place by the Federal government since the election of President Obama in 2008 — banking reform,
business regulation,
tax policies, and the Affordable Care Act to name a few — have made entrepreneurship more difficult to undertake.
He described a combination of pro-growth, fair trade and low
tax policies as beneficial to
business in a world economy that was performing strongly across all regions.
While Bush's
business - themed
policy proposals will likely offer a mixture of traditionally Republican
tax cuts and so - called trickle down economics, he's likely to define his views on how to support the middle class, lift up the lowest wage workers, and close the income gap, which would continue on the themes he started talking about earlier this year.
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired
businesses into United Technologies» existing
businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new
business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade
policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade
policies and currency exchange rates in the near term and beyond; (16) the effect of changes in
tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personn
tax (including U.S.
tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personn
tax reform enacted on December 22, 2017, which is commonly referred to as the
Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personn
Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their
businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
That's led to a slew of calls for government intervention and new
policies designed to juice startup activity: savings accounts to finance new companies; immigrant entrepreneurial visas; programs to facilitate startups» access to capital; and expanded
tax incentives for new
businesses.
Business sentiment has run high since Trump was elected, with investors and companies expecting deregulation,
tax reform and protectionist trade
policies to fuel economic growth.
«It is a significant amount of income for a low - income family... losing that will definitely affect families,» Elaine Maag, a senior research associate at the non-partisan
Tax Policy Center, told
Business Insider.
Like all small
businesses, they have seen ups and downs over the past year, buffeted by major changes in
tax policy and, more recently, great uncertainty around trade
policy.
«The political environment,» «uncertain
tax policy,» «failure to address over-regulation, job creation, and keeping
business in the US,» and «I see no major changes by our governing bodies to improve the situation at hand,» are just a few.
Things like invoices, contracts,
tax returns, budgets and insurance
policies are essential to
businesses, though.
But the
policy issue boils down to this: CCPC owners can defer paying
taxes on far more income, passively invested by their small
businesses, than the upper limit of about $ 26,000 a year in RRSP contributions allowed for salary - earning taxpayers.
A new study from the National Bureau of Economic Research has found that
tax policy has a dramatic impact on
businesses and, if raised too high, could drive consumers to the black market.
It also offers specific
policy recommendations including providing
tax credits to promote venture capital investments in minority
businesses, as well as
tax credits for new low - income entrepreneurs, and encouraging the use by credit rating agencies of alternative data such as rent and utility payments in establishing credit histories.
Apparently a lot of people who've incorporated are sensitive about having this gap between personal and small -
business tax rates called a «loophole,» but what the heck: It's a loophole, in the sense that it was never designed as a goal of public
policy.
If these measures go into effect, the impact on the economy and small
businesses would be modest, says Thomas Hungerford, senior economist and director of
tax and budget
policy at the Economic Policy Inst
policy at the Economic
Policy Inst
Policy Institute.
«Any
tax policy will be closely aligned with what the EU does because that will create much greater certainty for
businesses.
«
Business friendliness,» a euphemism for
tax policy, found its way into Amazon's HQ2 request for proposal, showing that the world's biggest players are taking the new
tax reforms seriously.
«As a small -
business person, I do not make many of my economic decisions based upon
tax policy.
In a recent study done by Joseph Rosenberg for the non-partisan,
Tax Policy Center, it was determined that the top one percent and the top 0.1 percent get a majority of their income from
businesses they own and investments rather than a monthly paycheck.
Presumably, there'll be some propellant behind this with the fiscal
policy, that is, the
tax cuts, inducement for capex, and — perhaps, a better regulatory environment for private
businesses — than they had before.
According to the
Tax Policy Center, Trump's plan includes the ability for pass - through entities to elect a maximum rate for «
business income» of 15 percent.
But it has failed to recover in recent years because of a series of
policies that increase the burden on small -
business owners — higher
taxes, increases to health - care costs, more costly regulations, and now the minimum wage increase proposal
In a 2011 paper for the University of Calgary's School of Public
Policy, economists Jack Mintz and Duanjie Chen concluded that reducing the small
business tax rate actually discourages the growth of companies and, therefore, of job creation.
On the broader economy, Federated's Macro Economic
Policy Committee recently nudged up its forecast for real 2018 GDP growth a tick to 3.0 %, in part on the anticipated stimulative effects from
tax reform, including increased
business and consumer spending.
Fostering innovation in the Canadian economy requires bringing a pro-innovation lens to a broad suite of
policies that go well beyond the mainstay of providing
businesses with research and development
tax credits.
Such approaches could be designed to be revenue - neutral over the
business cycle; they also could avoid past debates over fiscal stimulus by separating decisions on countercyclical
policy from longer - run decisions about the appropriate role of the government and
tax system.
In my view, the deft
policy action required here is to try to accommodate the legitimate needs of corner - shop small
businesses without helping multi-millionaires further reduce their
taxes.
Your new
business tax credit for small
businesses is, however, consistent with the government's previous
policy of selective
tax cuts for certain groups.
Richard Murphy for
Tax Research UK: The UK's tax policy should be rebalanced so multinationals can't get away tax - free while small businesses strug
Tax Research UK: The UK's
tax policy should be rebalanced so multinationals can't get away tax - free while small businesses strug
tax policy should be rebalanced so multinationals can't get away
tax - free while small businesses strug
tax - free while small
businesses struggle
An early taste of the sort of
policy Flaherty prefers came this week, with his announcement of a temporary
tax credit for small
businesses to defray the cost of hiring new employees, a break available to about 525,000 firms with 25 or fewer employees.
Republicans advocate fewer
taxes and more
business - friendly
policies with the hope that money will trickle down to the middle class.
Additionally, the
Tax Policy Center has argued that many
businesses with too little income or are losing money don't benefit from bonus depreciation, especially in times of economic recovery, and that it may not have much of an impact on long - term investment.
UCLAW alum and now a visiting scholar and senior fellow in residence at the Lowell Milken Institute for
Business Law and
Policy at the UCLA School of Law has a great summary of the likely effect of
tax reform on executive compensation.
With Hillary Clinton's
tax proposals to encourage longer - term investing, the debate over whether American
business is too fixated on the short term has moved from the dimly lit offices of earnest
policy wonks into the klieg lights of U.S. primary season.
Currently, households and
businesses face elevated short - term uncertainty as to what will happen to
tax and spending
policies in 2013 and how this will affect the economic outlook.
The ongoing US recovery, the new US administration's decision to restart the approval process for the Keystone XL pipeline and other energy projects, and further
policy measures, including
tax reform, deregulation and infrastructure spending, could boost both demand and
business confidence, igniting animal spirits and leading to an acceleration in the rates of investment, firm creation and innovation.
An omnibus appropriations package, steel tariffs, regulatory work on the new
tax law and general uncertainty about the nation's direction on
policy and governing fueled K Street
business during the first three months of this year.
«We are pleased to see the Obama administration will not cause harm to citizens and states by shutting these
businesses down, and hope this will lead to an expansion of sensible
policies related to marijuana, such as allowing these
businesses access to banking, and
taxing them at a fair rate,» said Aaron Smith, executive director of the National Cannabis Industry Association, a Washington, D.C. - based trade group that represents what it says are the thousands of firms involved in marijuana production and sales.
Energy and Natural Resources, Public Investments and Infrastructure, Industry Regulation and Competition
Policy, Innovation and
Business Growth, Fiscal and
Tax Policy
In addition, the cash value buildup on a life insurance
policy is generally not
taxed currently, although this buildup could cause the
business to be subject to the alternative minimum
tax (AMT) in certain circumstances.
President Trump was successful in pushing through the
business tax cuts, but Cohn didn't want to be tainted by protectionist
policies that could cause a bear market on Wall Street and an economic slowdown.
Specific
policies include encouraging job creation and innovation in the new energy economy; improving the fairness of employment standards (including re-establishing the National Minimum Wage; reversing «
tax giveaways» to corporations; introducing and maintaining balanced budgets; protecting Canadians from «price gouging» by
businesses; implementing income stabilization programs for farmers; promoting long - term economic and environmental sustainability of marine and forestry resources; and re-investing in education, skills training and apprenticeships to help Canadians succeed in the economy.
Our Conservative caucus will continue to support
policies that reduce the
tax burden on
businesses and allow entrepreneurs to create jobs and prosperity for all Canadians.