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Tag: loophole
United Airlines sues site that found loophole for cheap tickets
2014-12-30 16:56:16| Airlines - Topix.net
You know how it's often cheaper to fly from Chicago to Paris by booking a flight to Dubai, and then just getting off at the stopover, which happens to be Paris? Well thanks to a lawsuit from United Airlines and booking site Orbitz, you do now -- the airlines are suing a site called Skiplagged , which arranges "hidden city" connection discounts. Here's how it works: airlines often charge more for popular routes like Chicago/Paris than for less popular, but much longer, multi-connection routes like Chicago/Dubai.
Forest Oil seen punishing bondholders with rarely used loophole
2014-12-21 16:24:16| Oil & Gas - Topix.net
Forest Oil Corp.'s bondholders are being punished by a rarely used loophole that's allowing the oil and gas producer to bypass repaying the debt above face value when a merger occurs, according to debt researcher Covenant Review. Forest Oil's bonds lost nearly half their value after the company revised its merger agreement with Sabine Oil & Gas LLC to eliminate an offer to redeem the debt at 101 cents on the dollar.
Tags: oil
forest
rarely
punishing
Ireland announces broadband investment, ends tax loophole
2014-10-15 09:53:00| Telecompaper Headlines
(Telecompaper) The Irish government will spend EUR 172 million next year to support programmes in communications, energy, broadcasting and natural resources, announced communications minister Alex White in a statement on the 2015 Budget. The government sees as a top priority the provision of at least 30 Mbps to every citizen, business and community, which will mean supporting an infrastructure rollout to up to 7000,000 premises beyond the at least 1.6 million premises expected to be reached by the commercial sector by the middle of 2016. The department will provide detailed maps over the coming weeks showing the areas where commercial providers are in place or plan networks and those where state intervention is required. The budget also allocates a further EUR 3 million to the Trading Online Programme aimed at getting at least 2,000 small businesses trading online. The Irish government also announced that it would abolish the 'Double Irish' tax loophole for all new companies from the start of next year, giving existing companies a transition period until the end of 2020. The loophole allows foreign companies to move most of their tax income from an operating subsidiary in Ireland to an Irish-registered division in an offshore tax haven. All new companies registered in Ireland will have to be resident for tax purposes. In September, the European Commission provisionally found that Apple's tax arrangements in Ireland amounted to state aid.
Tags: tax
investment
ireland
ends
Welcome US Action against Drug Resistance, but Livestock Loophole Remains
2014-09-23 20:41:52| Livestock - Topix.net
With the threat of antimicrobial resistance on the rise, we are heartened by President Barack Obama's recent executive order that outlines a national strategy to combat drug resistance, including creation of an inter-agency task force to implement and monitor the plan. The Centers for Disease Control and Prevention estimate that up to 2 million Americans suffer from antibiotic-resistant infections each year and that 23,000 of them die.
Tags: action
drug
remains
resistance
'Old coal' subsidy loophole to be closed by UK government
2014-08-01 14:59:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: A loophole in the governments energy policy that could have seen billpayers funding billions of pounds of subsidy for old coal plants will be closed, officials have told the Guardian. The move is a victory for analysts and campaigners who argued large coal subsidies would heavily undermine ministers drive to reduce carbon emissions, as well as costing consumers dearly. However, some coal payments will remain and critics say the policy still undervalues energy saving measures. The loophole...
Tags: uk
government
closed
coal