Not exact matches
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 things.
You see, although bitcoin and other cryptocurrencies are commonly referred to
as a form of digital
currency, in the eyes of the IRS, cryptocurrencies are
capital assets, like stocks or commodities, and are therefore subject to
capital gains taxes.
At the time, the IRS said profits and losses on digital
currency would be treated
as capital gains when the
currency is being used
as a
capital asset.
Furthermore, the agency expressed that the sale or exchange of virtual
currency would lead to treatment
as a «
capital asset.»
I mean even though it's not treated
as currency and tax - free, it is given
capital gain treatment for long - term holding which is more beneficial than some other
assets.
In addition, Fed commentary alone had caused real global
capital to recede from QE beneficiary risk
assets such
as emerging market equities, bonds and
currencies as well
as precious metals, commodities and developed economy fixed income vehicles.
As Fed liquidity expansion found its way into global equities, bonds and
currencies, so now is the anticipated reduction in future liquidity causing
capital to leave these very same
assets (knowing full well ever increasing liquidity will not be there to support them).
For tax purposes, virtual
currencies are treated
as capital assets or income depending on whether the virtual
currency was held for investment purposes, or if the virtual
currency was received
as a form of compensation (e.g., if the donor is a miner or received compensation in the form of virtual
currency).
It was perhaps only a matter of time for Bitcoin to be endorsed at such an event
as major hedge fund investors have already begun divulging
capital into digital
currency assets.
Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such
as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such
as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional
capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our
assets pledged
as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign
currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.
Under one reasonable approach, a Bitcoin should be treated
as a
capital asset (and not
as «
currency»).
In addition, Fed commentary alone had caused real global
capital to recede from QE beneficiary risk
assets such
as emerging market equities, bonds and
currencies as well
as precious metals, commodities and developed economy fixed income vehicles.
Monetary Policy Experiments
As investors substitute real
capital assets for
currency and government bonds, central banks find that manipulating interest rates becomes a less effective tool for managing the economic cycle.
First, a donor giving virtual
currency held short term (ie: less than one year)
as a
capital asset will be able to deduct the lesser of cost basis or fair market value up to 50 % of adjusted gross income.
[13] However, if the donor held the Bitcoin or other
currency for more than a year
as a
capital asset, the deduction would be the fair market value of the gift up to 30 % of adjusted gross income.
The Internal Revenue Service of the U.S. drafted a 2014 notice on «virtual
currency» providing some guidance on its views of bitcoin
as capital assets that are subject to taxes.
This means that SARS does not consider cryptocurrencies
as a
currency for income tax purposes or
Capital Gains Tax rather, they are regarded
as assets of an intangible nature.
In 2014, the Internal Revenue Service (IRS) issued guidance to taxpayers, making it clear that virtual
currency will be treated
as a
capital asset and that
capital gains rules will apply to any gains or losses.
Kyle Bass, the prominent US - based hedge fund manager and the founder and principal of Dallas - based hedge fund Hayman
Capital Management, believes bitcoin
as a digital
asset and
currency is here to stay.
Cryptocurrencies have been defined
as property under the Internal Revenue Code, and virtual
currency investments are treated
as capital assets just like other types of valuable property.
As of now, cryptocurrency is considered an asset for calculating capital gains and not as fiat currency for tax purpose
As of now, cryptocurrency is considered an
asset for calculating
capital gains and not
as fiat currency for tax purpose
as fiat
currency for tax purposes.
The agency explains that cryptocurrencies are not regarded by SARS
as a
currency for income tax purposes or
Capital Gains Tax, rather they are regarded
as «
assets of an intangible nature.»
And, while slowing growth in China and much of Europe may dampen
currencies and incomes over there, there is still abundant non-U.S.
capital looking for placement and very strong demand for U.S.
assets,
as 2015 proved with record inflows.