shareholder of CFC
and, therefore, is required to have a subpart F inclusion of $10 for year 1.
In fact, CFCs
are illegal under both international and domestic rules, unless they've been obtained from used equipment.
Sonny Bautista, CFC
Communications Director in Toronto advises, "We defend the Magisterium and are behind the Pope.
The purpose of both forms, one for CFC
reporting and the other for foreign partnership reporting, seems to be identical.
Since the launch of a nationwide CFC
enforcement initiative in 1995, which involves the United States Customs Service, the EPA, the FBI and the IRS, over 100 individuals have been convicted for violation of customs law and the federal Clean Air Act.
The major manufacturers had voluntarily agreed to phase-out the most widely used CFCs
, those known as R-11 and R-12, long before the legal phaseout date.
Because subpart F income is defined as income earned by a CFC
, the court ruled that commission income earned by Brinco could not be considered foreign base company sales income.
Bomberg adds, "Findings of our much more complex approach to this issue leads us to believe that the half-life [or time for loss of half the blowing agent from the foam to the atmosphere] of CFCs
and, more significantly, HCFCs in PUR foams is far longer than is currently believed.
There are other issues this year: under the Clean Air Act in the United States, the industry will somehow have to certify 600,000 service contractors within a year from now to deal with leaks in CFC
equipment and remove CFCs
from equipment that is being phased out.
This may be hard to accept, especially since CFC
emissions are invisible, and most of the damage they cause may not become evident for decades.
A) and the National Rural Utilities Cooperative Finance Corporation (CFC
) today jointly announced the sale by CFC
of $365 million of distribution cooperative mortgage loans and the purchase by Farmer Mac of mortgage-backed securities representing beneficial ownership interests in those loans.
The regulations also address circumstances where a CFC
carries on manufacturing, producing, constructing, growing, or extracting activities by or through a branch or similar establishment located outside the country under whose laws the corporation is created or organized (Regs.
Four of India's largest chlorofluorocarbon (CFC
) manufacturers voluntarily agreed on 2 May 2002 to use cleaner production technologies to help reduce "rogue" CFC
emissions--those emitted during manufacturing--as well as emissions of other chemicals that can harm the ozone layer or local air quality.
They identified more than 300 organic substances, but only one of them was a CFC
The Notice sets forth two examples of "abusive" transactions, which essentially involve a loan (and the attendant payment of interest) with a CFC
in one country and a hybrid branch in another country.