[ Discussions | TOC | Search | Post | Reply ]
Category:
From: WilliamShivy
Date: 14 Feb 2017
Time: 12:32:29
Remote Name: 146.185.223.85
Is Vanguard Hiding Behind Low-Cost Structure To Evade Taxes? (Trevor Hunnicutt, Investment News) – An attorney and former Vanguard corporate legal counsel named David Danon has filed a whistleblower lawsuit against the company, accusing Vanguard of operating as an illegal tax shelter and using its corporate structure to abuse the tax code to the tune of about $1 billion in Federal taxes and $20 million in New York state taxes. The key issue – as acknowledged in Vanguard's own marketing materials – is that because Vanguard's fund shareholders are the effective owners of the company, the company deliberately runs its business "at cost" and does not generate profits for its shareholders; instead, it simply returns any potential profits it would have earned as cost savings to the investors, allowing Vanguard to be not only a low-cost investment provider but the low-cost investment provider (now approaching $3 trillion of AUM!). The key distinction is that if Vanguard simply charged "at-market costs" and then paid those profits back to shareholders, it would be taxable income for which Federal and New York (and other) state taxes would be owed, but its direct ownership model that implicitly rebates its profits avoids the tax burden. Danon also points out that Vanguard has accumulated $1.5 billion in a "contingency reserve" from "profits" (revenue from its funds in excess of expenses, notwithstanding its low costs) that it has generated over the years, but unlike other businesses has not paid taxes on that income either. Danon also alleges that when he raised these issues internally as a corporate lawyer for Vanguard, he was reassigned, given negative performance evaluations, and eventually fired him last summer after he filed the then-sealed whistle-blower complaint. Naturally, you want to keep your Windows 10 PC safe, but do you need to go to great lengths searching for and installing security software to achieve this? Actually you don't, because the integrated security solutions Microsoft bundles with its OS are perfectly serviceable efforts. http://buypcsoftware.us/product/adobe-creative-suite-6-design-standard/ If these are deeply problematic, it's less about the planet, though, and more about us. If no people lived in the path of katrina, if it had wrecked havoc on completely uninhabited lands, would we hardly call it a disaster, right (and that would depend on how it affected nearby human communities)? It's more like we are bad for us than for the planet (which can wipe us out, and has had disastrous effects on human communities in the past). If we wipe ourselves out, along with many other species, the planet itself will manage just fine, and probably come out on top in the long run. The problem is that most people aren't seeing this big picture, and all too often, environmentalist put things into the perspective of nature vs humanity. Put into those terms, most people are going to pick humanity. We need to put this into terms of human interconnectedness with the planet. purchase on line Adobe InCopy CS5 @shawno238 Part 1 will go a long way. Do it then play around Ableton and see if you can make some music! If you feel totally stuck, continue with the others. I'm not sure what your end goal is, but I would consider parts 1-5 as essential. Part 6 is "DJ Techniques & Controllers" - if you have no interest in performing live you can totally skip that one. Part 7 is "MaxForLive," which you might not ever need to have knowledge about to accomplish your goals. S1 Table. RAL (Raleigh) strain number and mean pre-odor basal locomotor frequency for each DGRP strain.