Corporate crime

has a life of 10 years and they estimate salvage value of the equipment at $160,000. The cost of capital for Gordon is normally 10% but this particular project is out of their normal expertise and they would like to add a 3% risk premium. The corporate tax rate for Gordon is 30%. •…

2. LONG v. COMMISSIONER, 77 TC 1045, Code Sec(s) 1031. - This case deals with a similar issue as that addressed in the Gulfstream Case, however it also looks at the tax implications of an exchange in which liabilities are also being exchanged. The courts ruled that the transfer, in general, could qualify for Section 1031 deferment. This was based on the conclusion that the definition of a partnership included joint ventures (which was involved in the exchange), however because unequal amounts of…

Selecting the Right Business Entity Choosing the Right Business Entity for Maximum Growth The legal entity that you choose for your business is one of the most crucial decisions you 'll make when it comes to realizing tax advantages that help your business grow. If you 've already established your business, it might be worth reviewing your business structure and finances with a Certified Tax Coach, and it’s always important to consider your options when starting a new company. Even though it…

markets programme provided by the CISI to gain exposure towards this career path. Another option as a career for me is corporate finance for which I will use the ICAEW to show the path which could lead to a career in this. The CISI and ICAEW have a joint association which makes the corporate finance qualification available to the CISI as well. One of the benefits of completing the corporate…

Discussion Board #4 Case Study: The Gathering Place Betty, with the blessing of her husband, has decided to pursue opening a coffee shop in her hometown of Belmont, North Carolina. Betty is a Christian and wants her coffee shop to be a place where like-minded can meet. Her desired name for the coffee shop is The Gathering Place. Betty has multiple decisions she must make during the process of establishing the business. She has to decide what type of business to establish, such as a sole…

the profitable interest this group must have control over systemic risk. The Supervisory Board in Europe In some European countries there is a dual-board organization that has both a management and supervisory board. The supervisory board and a corporate governance called co determination work together. This model gives hope to solving the governance issue with derivatives clearinghouse. This organization called German AG is mandated by the German Federal Stock Corporation Act and it forces…

The Marcellus Shale Play is a black shale formation lying under the Appalachian Basin running from Tennessee to New York. The U.S. Energy Information Agency (EIA) estimates that 1,953 billion cubic feet of recoverable reserves lie beneath the shale sediment. (U.S. Energy Information Administration, 2012) The EIA estimates that shale basins in the United States have a potential to produce from 500-1,000 trillion cubic feet of natural gas (U.S. Energy Information Administration, 2012). Natural Gas…

The beauty of a democracy is the accessibility and availability for citizens to voice their opinions. It is especially valuable for citizens to feel free to have their questions, comments and concerns heard. Having spaces where there is communication between the public and private groups is essential to retain a cohesive community. By public, I refer to John Dewey’s interpretation of these terms; to any who are effected either directly or indirectly by actions of private parties, and by private,…

Case Q: Whose Hospital? Background of the situation: In June of 1979, the medical staff at Brendan Hospital held a mass meeting at the hospital to discuss various allegations against CEO, Don Wherry. A petition was signed by half the medical staff and by half the employees of the hospital at the mass meeting. The petition demanded Don Wherry’s resignation and even included threats of forgoing patient care if he did not step down. Four doctors and nurse representatives met with the board of…

o Sole Proprietorship: o Liability- Business owners do not possess any particular differences in regard to assets. The assets of the business can really be used in many ways, including the way to pay any personal debt that was acquired also the personal assets are a way to pay the business debts too because when dealing with a sole proprietorship it is subject to being accessible to unlimited liability. o Income Taxes – The income or the revenue brought in with a sole proprietorship is always…