corporation pop

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corporation pop

Tap water that is provided by the local city government (or corporation), likened humorously to a soft drink (pop) that is free. Primarily heard in UK. Back when I was a kid, the only thing we had to drink was corporation pop!
See also: pop
References in periodicals archive ?
In contrast, the acquisition of a foreign corporation that, in turn, owns a domestic corporation, is not an indirect acquisition of such domestic corporation for Sec.
Example 1: Foreign corporation Y acquires foreign corporation X.
Yet as the vehicle for these pecuniary urgings, the corporation posed a big dilemma.
The centralized economic power of the corporation requires institutional counterweights in the form of a strong federal government, as well as labor unions and organized citizen groups.
In summary, the Court unequivocally held that Alabama's foreign corporation franchise tax was unconstitutional, as a violation of the Commerce Clause, and therefore could not be enforced.
The mere issuance of this opinion requires every multistate corporation to carefully compare its individual tax burden in states where it is a foreign corporation to the burden borne by its native counterparts.
For example, assume that a shareholder organizes a corporation and contributes as its only asset a building with a basis of $50 and a fair market value of $100; the property is subject to a mortgage debt of $90.
On the facts of the example, recognition of $40 of gain will leave the taxpayer with a basis in his stock in the corporation of $0, thereby eliminating the negative basis.
Table 3-1: Nucor Corporation - Financial Summary (in Thousand US$), 2005
Table 3-2: Nucor Corporation - Key Financial Ratio (2003-2005)
Technically, a QSub is neither a C nor an S corporation and generally is not treated as a separate corporation for Federal tax purposes (although it is still treated as a separate corporation for other purposes).
To get automatic relief, the corporation must file a completed S election, signed by an authorized corporate officer and by all persons who were shareholders at any time during the period the entity had intended to be an S corporation.
The acquisition of stock in the controlled corporation by the distributing corporation;
Bering Straits is the regional corporation for Alaska's wind-swept Seward Peninsula and for St.
This two-part article discusses recent legislation, cases, rulings, regulations and other developments in the S corporation area.
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