Word: refund
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...Summer School student is threatening to sue the University because the Summer School will not refund $775 in tuition although he attended only three days of the one full course he planned to take. The student, William M. Vazquez '81, decided not to take Latin S-Aab when he did not get enough money from relatives and financial aid sources...
...that without aid Chrysler would soon cease to be a major force in the U.S. car market. He repeated this two weeks ago to Senate Finance Committee Chairman Russell Long and House Ways and Means Chairman Al Ullman. Riccardo asked for tax relief that would bring an immediate cash refund to the company...
...requests was for a unique dispensation from the tax code's complex "loss carry-back and carry-forward" provisions to permit Chrysler's net operating losses to be applied now against future profits. Result: Chrysler would get a refund from the Treasury equal to the amount of taxes it would have paid if it had had profits instead of losses...
Congress might place limitations on the refund, but if Chrysler really loses $400 million this year, it could collect as much as $186 million. That is the amount it might have had to pay on a $400 million profit, assuming the usual 46% corporate tax rate. If Chrysler makes money again, it would not be able to offset those earnings with this year's loss, and the Treasury would start to get its money back from Chrysler's higher taxes. A dispensation from the loss carry-forward provisions stands a fair chance in Congress...
Rather than press criminal charges against the companies, DOE told them to refund the money, and gave the firms 40 days to appeal to an administrative law judge. Government attorneys fear that meeting the strict, "beyond a reasonable doubt" standard of proof under criminal law would be almost impossible considering the technicalities of the case...