Mineral Exploration Funds

While independent mineral operators have traditionally been confronted with a scarcity of risk capital for mineral development, willing investors have often experienced equal difficulty in locating responsible mineral operations in which to invest. The exploration fund, a means of channeling risk capital furnished by high-bracket taxpayers into mineral exploration, is one answer to this dilemma. In this article the author deals extensively with the mineral, tax, business association, and securities law problems involved in the organization and operation of such a fund

The Revised Model State Administrative Procedure Act—Reform or Retrogression?

In this contribution, we deal with the deterministic dominance of the probability moments of stochastic processes. More precisely, given a positive stochastic process, we propose to dominate its probability moment sequence by the trajectory of appropriate lower and upper dominating deterministic processes. The analysis of the behavior of the original stochastic process is then transferred to the stability analysis of the deterministic dominating processes. The result is applied to a nonstationary auto-regressive process that appears in the system identification literature.

Approximation of sweep surfaces by tensor product B-splines

Journal ArticleTensor product B-spline approximations to surfaces generated by sweeping a (possibly deforming) B-spline cross-section curve along a Bspline axis curve are discussed. A general form for the tensor product B-spline approximation for sweeps is derived and expressed in terms of the approximation of a set of offset curves of the axis curve. The actual algorithm used to generate the approximation depends on the nature of the desired deformation and change in orientation that the crosssection undergoes as it is swept along the axis. Several algorithms for generating tensor product B-spline approximations to sweep surfaces are presented

Acute Tax Neuroses

The major cause of acute taxitis is the mental and physical turmoil arising from accusations by the Revenue Service that false and fraudulent returns have been filed with intent to evade taxes. The three most common means by which tax evasion is discovered are: (1) routine audit-spot checks and surveys; (2) tips from informers in hopes of receiving sizeable rewards,or by jealous neighbors or disgruntled employees; (3) newspaper publicity about marriages, trips, home purchases, robberies, real estate and business transactions

Taxation of Fringe Benefits of Employees

To attract and hold well-qualified personnel, management is finding it increasingly important to offer numerous fringe benefits. These may include payment of moving costs, country club memberships, providing temporary living expense allowances and even reimbursement for benefits surrendered upon leaving a previous employer. While of chief importance for officers and executive agents, these benefits are also important to all other employees