Word: reliefer
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...losses incurred in its disastrous European foray to offset profits from operations in Britain. Firms in most E.U. nations commonly make use of losses in this way, but primarily to offset profits made in the same country as the losses. In 2001, the company cited Britain's "group relief" rules that allow firms to cluster different business units for tax purposes; if successful, the argument would have gained Marks & Spencer tax relief of about $56 million. But that same year, Britain's Inland Revenue said no, declaring that Marks & Spencer had no right to deduct its Continental losses because they...
...impact of the Marks & Spencer case is likely to be wider and far more costly. Even pending the final ruling, dozens of big companies including BT Group, French bank BNP Paribas and U.S. machinery firm Caterpillar have filed for tax relief in Britain using the same criteria as Marks & Spencer. "This potentially opens the floodgates for claims over the past six years," says Michael Hardwick, a corporate tax partner at Linklaters in London. Simon Whitehead of solicitors Dorsey & Whitney, which is representing Marks & Spencer, says that 70 multinational firms have already signed up for a group action that...
...relief, then, to find little mention of Iraq in Friedman's new book, The World Is Flat: A Brief History of the Twenty-First Century (Farrar, Straus & Giroux; 488 pages). Instead the author embarks on a "trail of globalization" that leads him from Wal-Mart warehouses in Bentonville, Ark., to office parks in Bangalore, India. Thanks to a convergence of trends--cheap telecommunications, expanded trade, open-source software, Google--the global playing field is being "flattened" faster than ever before, allowing workers in India and China to compete with, and even outperform, their U.S. counterparts. Friedman sees this transition...
Unfortunately for the Farmington faithful, Haviland was not given the start and was instead called upon in relief with his side already down 1-0. Haviland, not surprisingly, allowed zero runs the rest of the way. Of course, it was already too late. Farmington’s opponent, the eventual state champion, was equally stingy...
Even these characters though, who provide a welcome relief from the monotony of many of these descriptions, are too flimsy to ever really come to life. Perowne’s wife and daughter are lifeless: the former appears too infrequently and unmemorably to spark interest, while the latter comes across as slightly demented in her cloying girlishness...