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Ruling

2007 Ruling 2007-0248441R3 - Loss Consolidation

On XXXXXXXXXX, Parent transferred legal title to XXXXXXXXXX % of the outstanding shares of Bidco to XXXXXXXXXX 3. ... Managements of Bidco and Profitco have concluded that a reasonable interest rate to be charged on the Profitco Notes would be XXXXXXXXXX %. 19. ... Annually (or more frequently), Newco will pay dividends of $XXXXXXXXXX ($XXXXXXXXXX x XXXXXXXXXX %) to Profitco if the proposed structure is not partially unwound. ...
Ruling

2008 Ruling 2008-0282451R3 - Overseas Employment Tax Credit

The salvage value of the Product is estimated to be XXXXXXXXXX % of the value of the Product after the term of the lease. ... The Overseas Employees will not spend more than XXXXXXXXXX % of their working hours in Canada compared to their total working hours during the time they are assigned to the project. 13. ... The Subcontractor Supervisor will not spend more than XXXXXXXXXX % of his/her working hours in Canada during the time he/she is assigned to the project. 15. ...
Ruling

2005 Ruling 2005-0146081R3 F - Supplemental Ruling - 2005-011895

PERTECO utilisera le produit de l'Emprunt Initial pour effectuer un prêt à PROFITCO d'un montant correspondant au produit de l'Emprunt Initial, soit XXXXXXXXXX $. En contrepartie, PROFITCO émettra en faveur de PERTECO un billet à demande au montant de XXXXXXXXXX $ et portant intérêt à un taux de XXXXXXXXXX% ("Billet PROFITCO"). ... En contrepartie, PERTECO émettra en faveur de NOUCO un billet à demande, ne portant pas intérêt, ("Billet PERTECO") au montant de XXXXXXXXXX $. ...
Ruling

1999 Ruling 9924223 F - BIENS AGRICOLES ADMISSIBLES

B, le frère de Mme X, a acheté la terre d'un tiers non lié au coût de XXXXXXXXXX $. ... Mme X estime la juste valeur marchande de la terre au 31 décembre 1971 à environ XXXXXXXXXX $. ... Mme X envisage maintenant vendre la terre pour une somme d'environ XXXXXXXXXX $. ...
Ruling

2009 Ruling 2009-0341681R3 - Canada-US Tax Convention ("Treaty")

S Corp is a member of the Partnership and holds an interest in the Partnership which entitles it to XXXXXXXXXX % of the income and distributable assets of the Partnership. The Investors hold the remaining XXXXXXXXXX % interest in the Partnership. ... Yours truly, for Director International & Trusts Division Income Tax Rulings Directorate Legislative Policy and Regulatory Affairs Branch ...
Ruling

2001 Ruling 2001-0095403 - INTEREST DEDUCTIBILITY XXXXXXXXXX

XXXXXXXXXX " mean XXXXXXXXXX units of beneficial interest in the Z Co. ... XXXXXXXXXX " means XXXXXXXXXX as described more fully in paragraph XXXXXXXXXX Facts 1. ...
Ruling

2012 Ruling 2010-0367401R3 - Variation of trust

Trust owns XXXXXXXXXX shares of Holdco (representing a XXXXXXXXXX % direct interest in Holdco), XXXXXXXXXX shares of Opco (which together with Holdco represents less than a XXXXXXXXXX % direct and indirect interest in Opco), a non-interest bearing demand note and marketable securities. ... X, XXXXXXXXXX % of the property of New Trust will be transferred to the issue of Child 1, in equal shares per stirpes; if Child 1 has no issue then living, that portion shall be transferred to the issue of Child 2 then living, in equal shares per stirpes; if neither Child 1 nor Child 2 have living issue, that portion shall be transferred to Child 1 or the estate of Child 1; (c) Upon the death of Mrs. ... The terms of New Trust will require that there be not less than two New Trust Trustees and that XXXXXXXXXX % of the New Trust Trustees must be either accountants, lawyers, or trust companies and must not be related to Mrs. ...
Ruling

2011 Ruling 2010-0387971R3 - Related Foreign Entity Financing

Pubco's Class A common shares are traded on the XXXXXXXXXX Stock Exchange under the symbol 'XXXXXXXXXX '. ... Canco will use approximately XXXXXXXXXX of its cash on hand to subscribe for membership interests in US LLC. ... US LLC will use the subscription proceeds (approximately XXXXXXXXXX) to make a loan to Gco on an interest-bearing basis (the "GCO Loan"). ...
Ruling

2003 Ruling 2003-0038863 F - Butterfly Transaction

Au XXXXXXXXXX, le CV des actions ordinaires de PUBCO1 était estimé à XXXXXXXXXX $. ... Les comptes de capital-actions émis et payés (XXXXXXXXXX) attribuables aux XXXXXXXXXX actions de catégorie "A" et XXXXXXXXXX actions de catégorie "C", sont respectivement de XXXXXXXXXX $ et XXXXXXXXXX $. ... C représente le montant déterminé par la formule suivante: A x XXXXXXXXXX XXXXXXXXXX D correspond à XXXXXXXXXX $ (soit le montant du principal du Billet FILCO1). ...
Ruling

2005 Ruling 2005-0118061R3 - Loss utilization

" Income Tax Act " Act. "Non-capital loss" within the meaning of Non-capital loss subsection 111(8). ... PARENT will borrow an amount of $XXXXXXXXXX on a "daylight loan" basis from an arm's-length financial institution (the "Daylight loan "). ... (c) NEWCO will use the funds ($XXXXXXXXXX + the amount of the contribution of capital, if any) received through step (a) and (b) above, to redeem the issued Preferred Shares of its capital stock held by LOSSCO. ...

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