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In Australia, a scrip bid is a takeover offer where shares are offered partly or wholly in place of cash. This means that, if a take over bid is accepted, shareholders in the target company will receive shares in the new merged entity. This has advantageous tax implications for investors as gains on the sale of shares [1] acquired on or after ...
As of 2017, all but Saratoga, Warren, Washington and Westchester counties in New York charge a higher sales tax rate than the 3% default rate. The combined sales tax in Utica, for example, is 8.75%. In New York City, total sales tax is 8.875%, which includes 0.375% charged in the Metropolitan Commuter Transportation District (MCTD).
In October 2015, ADM announced the sale of its global cocoa business to Olam International. The sale was valued at about $1.2 billion. [47] Approximately 1,500 employees transferred to Olam with the sale. [48] In January 2017, ADM agreed to sell its crop risk services (insurance) unit to Validus Holdings for $127.5 million. [49]
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Hamburg's tax office is examining the German activities of U.S. agricultural merchant Archer Daniels Midland over a five-year period in what the company called a routine audit, although sources ...
As of July 1, 2010, the federal GST and the regional Provincial Sales Tax (PST) were 'harmonized' into a single value-added sales tax, called the Harmonized Sales Tax (HST). The HST came into effect in five of the ten Canadian provinces: British Columbia, Ontario, New Brunswick, Newfoundland and Labrador, and Nova Scotia.
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Since there are $22 billion of securities remaining to be awarded, the bid of Company 1 for $7 billion is able to be accepted in full, as are the bids of Companies 2 and 3. Upon evaluating the bid of Company 4, there are only $4 billion of securities left, so only $4 billion is awarded to Company 4 instead of the $8 billion asked.