Sentences with phrase «prevent deferral»

This Budget will also «prevent the asymmetrical recognition of gains and losses on derivatives for tax purposes,» and «prevent the deferral of capital gains tax by investors in mutual fund corporations structured as switch funds.»

The Budget will also «prevent the asymmetrical recognition of gains and losses on derivatives for tax purposes,» and «prevent the deferral of capital gains tax by investors in mutual fund corporations structured as switch funds.»

Corporate taxes prevent the deferral of taxation on corporate profits until they are actually realized by the beneficial owners of the corporation.

The recently released 2016 Federal Budget includes a proposal to prevent the deferral of capital gains tax by investors in mutual fund corporations.

Frances, At least in Canada, the ability to arrange for deferred compensation schemes is limited by various provisions of the Tax Act which prevent the deferral of income into future years in most circumstances (there are exceptions, for example, for teachers who take, for example 3 years of salary over 4 years and take a year's sabatical or for various incentive compensation schemes, although I doubt those would work for athletes).

Not exact matches

«While legislators had valid reasons for promulgating the PFIC regulations, namely to discourage US citizens from deferring or avoiding US taxation by investing in non-US corporations, the PFIC rules are over-inclusive In practice, the PFIC regime captures assets that do not facilitate the legislative intent of preventing tax evasion and tax deferral.

• prevent the avoidance or deferral of income tax through the use of offsetting derivative positions in straddle transactions;

Ticket dismissal aside, some drivers can use their courts» deferral programs or enroll in a Driver Safety Program course to prevent their violations from showing up on their driving records.