Eliminating Obstacles to Freedom of Establishment: The Competitive Edge of UK Company Law

This article examines the implications of the E.C.J.'s decisions in Überseering and Inspire Art against the background of the principal competing theories relating to lex societatis. It considers the tension between freedom of establishment (EC Treaty, arts 43 and 48) and the protective objectives of national corporate law regimes aimed at defeating the so-called Delaware effect. It goes on to argue that significant issues remain unresolved. More particularly, it questions whether creditor protection mechanisms contained in national insolvency laws will, in future, be viewed as obstacles to freedom of establishment

Itemized Tax Deductions for Individuals: Data Analysis

[Excerpt] Reforming or limiting itemized tax deductions for individuals has gained the interest of policymakers as one way to increase federal tax revenue, increase the share of taxes paid by higher-income tax filers, simplify the tax code, or reduce incentives that might lead to inefficient economic behavior. However, limits on deductions, in the views of some, would have adverse economic effects or changes in the distributional burden of the federal income tax code. Discussions about itemized tax deduction reform are informed by scrutiny of tax filer data. This report analyzes the most recently available public data from the Internal Revenue Service’s (IRS’s) Statistics of Income (SOI) to provide an overview of who claims itemized deductions, what they claim them for, and the amount in deductions claimed. In addition, the revenue loss associated with several of the larger deductions is presented using data obtained from the Joint Committee on Taxation’s (JCT) tax expenditure estimates. This report concludes with a brief discussion of the implications of various policy options to reform or limit itemized deductions. More in-depth discussion on options for reforming itemized tax deductions, as a whole or individually, can be found in other CRS reports

A precision bearing gimbal system for the Teal Ruby program

A precision bearing gimbal system designed to allow a spaceborne infrared sensor to stare at points on the Earth while in orbit is described. The problems encountered, analytical tools and test methods used, and data applicable to users of similar systems are presented. Assembly procedures, bearing preload effects, moisture control, structural analysis, and noise control are specifically examined

Flight from the Fight? Civil War and its Effects on Refugees

Civil war dominates conflict in the modern era. An effect of this is a large number of refugees, who flee from war-torn countries in favor of lands where they can live in safety. This paper examines the extent to which the number of these refugees is affected by the number of civil wars a country has had in a year. Previous literature suggests that civil wars increase destruction in a state and threaten people’s lives, which encourages migration out of a warring country. Based on this, this paper hypothesizes that increasing the number of civil wars in a country will likewise increase the number of refugees leaving that country. However, this explanation is not supported by this paper’s OLS model, with respect for human rights and type of government being shown as more important factors than the number of civil conflicts. A possible reason for this finding is the destruction of critical transportation infrastructure resulting from civil war. The results of this study warrant further investigation into what exactly motivates refugee behavior, especially during civil wars

Hear Then a Story: Plot Possibilities for Story Sermons

Author: Riegert, Eduard R. Title: Hear then a story. Publisher: Waterloo, Ont: Waterloo Lutheran Seminary, 2002

Interface concerns of ejector integration in V/STOL aircraft

A number of areas which have in the past contributed to weight, complexity, and thrust losses in the ejector-powered V/STOL vehicle were identified. Most of these interfaces taken singly do not represent a severe compromise to the vehicle; however, the bottom line is that the sum of compromises and the subsequent effects on performance, flight operations and maintenance have rendered the ejector V/STOL aircraft unattractive. In addition to some of the unique ejector/aircraft integration problems, the vehicle by virtue of having a V/STOL capability, is compromised in other areas. To be successful and acceptable, the advantages must outweight the disadvantages and simplicity with minimum penalties must be the rule. It is concluded that more emphasis must be placed on the ejector/aircraft interface for the concept to be successful