Sentences with phrase «subsidiaries of foreign»

We represent publicly traded companies, domestic subsidiaries of foreign companies and privately held entities.

He notes that, «I've only listed startups that are active, have a software service or product, and appear to have their main office in Toronto... some of the established players are Canadian subsidiaries of foreign companies that have a larger headquarters elsewhere.»

The Australian Government has guaranteed deposits in Australian owned banks, locally incorporated subsidiaries of foreign banks, credit unions and building societies (institutions known as «ADIs»).

Pension advocates fear other domestic subsidiaries of foreign giants may take a cue from the fate of Sears Canada.

Schedule II banks include those that are subsidiaries of foreign banks but are allowed to accept deposits.

Schedule I banks include those that are not subsidiaries of foreign banks but were allowed to accept deposits.

At the same time, the Greens also committed to drop the FIRB threshold from $ 244m to $ 5m for rural land and ruled out supporting the sale of agricultural land and water rights to wholly owned subsidiaries of foreign governments.

Bank bailouts have been aimed at protecting local institutions, as discussed earlier, and the Japanese government is buying stocks of Japan - based corporations to help company balance sheets, but also giving them a competitive advantage over the subsidiaries of foreign outfits.

Unfortunately, many of the banks larger than $ 1 billion aren't active in the commercial lending market because they are savings banks, thrift institutions, non-lending subsidiaries of foreign banks, credit card banks or trust banks.

Many banks interested in the product are local subsidiaries of foreign banks including BNP Paribas, Deutsche Bank, EBRD and Unicredit.

We want to provide guidance to help people build different types of companies, to start out on their own instead of just being the Canadian subsidiary of a foreign company.

Another point, outlined in FEC's outline of restrictions on foreign nationals, is that a US subsidiary of a foreign corporation can engage political activity provided it is not directed or financed by the foreign parent entity.

The case focuses on the test for jurisdiction of a Canadian court to enforce a foreign judgment when the only connection to the province is the presence of a wholly - owned subsidiary of the foreign parent corporate defendant.

Not exact matches

Typically, an inversion results when a U.S. firm acquires a foreign firm, and in the process of the transaction, reincorporates so that the foreign firm is the parent company and the U.S. firm is a subsidiary.

Subsidiary Booking.com would allow Americans traveling to Cuba to reserve and pay for rooms at a number of Cuban and foreign hotels, starting in several weeks.

However, our foreign - affiliate sales (sales by Canadian company subsidiaries in emerging markets) has grown even faster, at a rate of 13 %.

Just as the IRS pays strict attention to the profits that foreign companies with U.S. operations declare for U.S. tax purposes, foreign governments closely examine the tax statements of U.S. businesses and their overseas subsidiaries.

Yandex's Russian operating subsidiaries» functional currency is the Russian ruble, and therefore changes due to exchange rate fluctuations in the ruble value of these subsidiaries» monetary assets and liabilities that are denominated in other currencies are recognized as foreign exchange gains or losses within the Other loss, net line in the condensed consolidated statements of income.

This means that a Canadian company with a subsidiary in Bermuda, for example, can bring back foreign profit tax - free in the form of a dividend — provided the subsidiary is carrying out active business, such as sales or manufacturing, and is not merely a P.O. box.

For U.S. taxpayers with foreign subsidiaries, there would be a one - time deemed repatriation tax of 10 percent on foreign earnings of those subsidiaries.»

They resulted from a trade complaint by the U.S. subsidiaries of two foreign solar panel makers.

For US taxpayers with foreign subsidiaries, there would be a one - time deemed repatriation tax of 10 % on foreign earnings of those subsidiaries.

This quarter includes a $ 25 million tax benefit resulting from the elimination of stock compensation expense that our U.S. entity had charged to foreign subsidiaries and the cost - sharing agreements over a multi-year period.

Mr. Cook is also expected to argue that some of Apple's largest subsidiaries do not reduce Apple's tax liability, and to press for a sweeping overhaul of the United States corporate tax code — in particular, by lowering rates on companies moving foreign overseas earnings back to the United States.

Despite the tax being «territorial» in principle, there will be a 10 percent «minimum tax» imposed on profits above a certain threshold from foreign subsidiaries of US companies in the future, to prevent companies from moving income abroad to avoid taxes.

Desert Newco is subject to entity level taxation in certain states, and certain of its subsidiaries are subject to entity level U.S. and foreign income taxes.

The Treasury Department and the Internal Revenue Service have provided additional guidance (Notice 2018 - 26) for computing the «transition tax» on the untaxed foreign earnings of foreign subsidiaries of U.S. companies under the Tax Cuts and Jobs Act enacted on Dec. 22, 2017.

Not later than 270 days after the date of enactment of the Dodd - Frank Wall Street Reform and Consumer Protection Act, the Commission shall issue final rules that require each resource extraction issuer to include in an annual report of the resource extraction issuer information relating to any payment made by the resource extraction issuer, a subsidiary of the resource extraction issuer, or an entity under the control of the resource extraction issuer to a foreign government or the Federal Government for the purpose of the commercial development of oil, natural gas, or minerals...

It is the intention of the Company to indefinitely reinvest the earnings of the Company's foreign subsidiaries.

The Company does not provide for U.S. income taxes on the earnings of its foreign subsidiaries as such earnings are to be reinvested indefinitely.

In December 2014, the Company entered into foreign exchange contracts to hedge monetary assets and liabilities that are denominated in currencies other than the functional currency of its subsidiaries.

We plan distributions of foreign earnings based on projected cash flow needs as well as the working capital and long - term investment requirements of our foreign subsidiaries and our domestic operations.

More importantly, it gave CGI - until then generally locked out of bidding on U.S. federal contracts due to U.S. restrictions on foreign contractors - a valuable U.S. subsidiary it could use to court American agencies for business.

The Reserve Bank of India wants foreign banks operating in India to convert into wholly - owned subsidiaries and enjoy «near - national» treatment.

The tax is a critical revenue raiser in the House bill — worth about $ 155 billion over a decade — and applies to purchases by U.S. subsidiaries of multinational businesses from their foreign counterparts.

In a related development, China's State Administration of Foreign Exchange (SAFE) issued new rules on Wednesday relaxing restrictions on multinational companies» management of their foreign currency - denominated debt in China, allowing them to pool debt from all their subsidiaries for central manaForeign Exchange (SAFE) issued new rules on Wednesday relaxing restrictions on multinational companies» management of their foreign currency - denominated debt in China, allowing them to pool debt from all their subsidiaries for central manaforeign currency - denominated debt in China, allowing them to pool debt from all their subsidiaries for central management.

· Prevent inverted companies from accessing a foreign subsidiary's earnings while deferring U.S. tax through the use of creative loans, which are known as «hopscotch» loans (Action under section 956 (e) of the code)

· Prevent inverted companies from restructuring a foreign subsidiary in order to access the subsidiary's earnings tax - free (Action under section 7701 (l) of the tax code)

Fourth quarter 2010 adjusted results also exclude an $ 85 million ($ 0.22 per diluted share) non-cash benefit in the provision for income taxes resulting from a settlement with the IRS related to the treatment of funds received from foreign subsidiaries.

In December, BGC acquires the U.K. assets and subsidiaries of RP Martin Group, one of the world's oldest inter-dealer brokerage firms, which specializes in European rates and foreign exchange products.

As described above, sales of stock of foreign subsidiaries can in some instances be recharacterized as dividend equivalent transactions for which the US corporation can claim dividends received deduction.

While a US corporation may have sufficient foreign tax credits or other attributes to offset such an amount, it will likely want to carefully evaluate whether a disposition of stock of the foreign subsidiary would result in less tax.

The new rules also propose to curb «earnings stripping» by limiting the amount of money that foreign parent companies can lend to US subsidiaries in order to deduct the interest payments from US taxes.

The 20 - year - old RA 7721 allowed the entry of foreign banks either through ownership of up to 60 per cent of the voting stock of an existing domestic bank or of a new banking subsidiary or establishment of branches with full banking authority.

Tax Overhaul — Motion to Concur — Vote Passed (224 - 201, 7 Not Voting) Brady, R - Texas, motion to concur in the Senate amendment to the tax overhaul that would revise the federal income tax system by: lowering the corporate tax rate from 35 percent to 21 percent; lowering individual tax rates through 2025; limiting state and local deductions to $ 10,000 through 2025; decreasing the limit on deductible mortgage debt through 2025; and creating a new system of taxing U.S. corporations with foreign subsidiaries.

Passage of the bill would revise the federal income tax system by: lowering individual and corporate tax rates; consolidating the current seven tax income rates into four rates; eliminating the deduction for state and local income taxes; limiting certain deductions for property taxes and home mortgages; and creating a new system of taxing U.S. corporations with foreign subsidiaries.

Tax Overhaul — Vote Passed (227 - 205, 2 Not Voting) Passage of the bill would revise the federal income tax system by: lowering individual and corporate tax rates; consolidating the current seven tax income rates into four rates; eliminating the deduction for state and local income taxes; limiting certain deductions for property taxes and home mortgages; and creating a new system of taxing U.S. corporations with foreign subsidiaries.

The bill would revise the federal income tax system by lowering the corporate tax rate from 35 percent to 21 percent; lowering individual tax rates through 2025; limiting state and local deductions to $ 10,000 through 2025; decreasing the limit on deductible mortgage debt through 2025; and creating a new system of taxing U.S. corporations with foreign subsidiaries.

Tax Overhaul — Motion to Proceed — Vote Agreed to (52 - 48) McConnell, R - Ky., motion to proceed to the bill that would revise the federal income tax system by: lowering individual and corporate tax rates; consolidating the current seven tax income rates into four rates; eliminating the deduction for state and local income taxes; limiting certain deductions for property taxes and home mortgages; and creating a new system of taxing U.S. corporations with foreign subsidiaries.

Or I'm not even going international because I don't know, I have never driven in a foreign country other than Canada, which is, you know, a wholly owned subsidiary of the United States.