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Value Added Tax

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AIRLINE INDUSTRY INFORMATION-(C)1997-2012 M2 COMMUNICATIONS German carrier airberlin on Wednesday announced that it is flying the last passenger service from Berlin's Tegel Airport. The final passenger service from Tegel Airport is scheduled for...
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Publication: M2 Best Books | Filed In: Value Added Tax and Tax Law
M2 BEST BOOKS-(C)2000-2012 M2 COMMUNICATIONS German carrier airberlin on Wednesday announced that it is flying the last passenger service from Berlin's Tegel Airport. The final passenger service from Tegel Airport is scheduled for...
Business Journal
By Tate, William D. | Publication: Business Credit | Filed In: City Government and Regional & Local Governments
Historically rich and rooted in tradition, yet distinctly modern. Culturally diverse and still defiantly proud and patriotic. Texas is forged from contradictions, merging seamlessly to create a unique and spirited destination. We invite...
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Profit Up in Technology Solutions Segment, Although Thai Floods Hurt Results in Ubiquitous Solutions and Device Solutions Segments Tokyo, Jan 31, 2012 - (JCN Newswire) - Fujitsu today reported a consolidated net loss...
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Publication: JCN Newswires | Filed In: Diabetes and Endocrine System Disorders
Free Smartphone-compatible Services Introduced Tokyo, Jan 26, 2012 - (JCN Newswire) - Fujitsu today announced the addition of a Free Plan to its existing Karada Life Diabetes Support services, which encompass a broad...
Business Journal
By Navarro, Carlos | Publication: SourceMex Economic News & Analysis on Mexico | Filed In: Export Prices and Export Trade
The Mexican motor-vehicle industry reported good results in 2011, with production, exports, and domestic sales all increasing. But the good news was diminished by reports that Mexico is still struggling with the illegal...
Business Journal
Interim Guidance on Informational Reporting to Employees of the Cost of Their Group Health Insurance Coverage I. PURPOSE This notice restates and amends the interim guidance on informational reporting to employees of the...
Business Journal
Section 45D.-New Markets Tax Credit 26 CFR 1.45D-I: New markets tax credit. DEPARTMENT OF TREASURY Internal Revenue Service 26 CFR Part 1 Targeted Populations Under Section 45D(e)(2) AGENCY: Internal Revenue Service (IRS), Treasury....
Business Journal
Notice of Proposed Rulemaking and Notice of Public Hearing Basis Reporting by Securities Brokers and Basis Determination for Debt Instruments and Options AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice of proposed rulemaking...
Business Journal
Revenue Up 15% Sequentially; 9% Year-over-Year Led by Strong Service Provider Bookings Reaffirms and Narrows Guidance Range for FY 2012 WESTFORD, Mass. -- NetScout Systems, Inc. (NASDAQ: NTCT): Q3......
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Publication: Business Wire | Filed In: Company Earnings and Financial Results
PHOENIX -- Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX): Net income attributable to common stock for fourth-quarter 2011 was $640 million, $0.67 per share, compared with net income of $1.5 billion, $1.63 per...
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Strong Capital Generation With Tier 1 Common Equity Ratio at 9.86 Percent Global Excess Liquidity Sources Remain Strong at $378 Billion, up $42 Billion in 2011 Investment Bank Maintained No. 2 Global Ranking...
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Full Year Diluted EPS of $12.37 ($11.85 as adjusted) Operating Margin of 36.3% (40.0% as adjusted) for Fourth Quarter 2011 Assets Under Management of $3.513 Trillion at December 31, 2011 NEW YORK --...
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Publication: Business Wire | Filed In: Earnings Per Share and Company Earnings
Net Income up Double Digits in 2011 on Record Revenue eBay Tightens Range on Three-Year Outlook Reflecting Increased Confidence SAN JOSE, Calif. -- eBay Inc., a global commerce platform and payments leader (NASDAQ:EBAY),...
Press Release
Publication: Business Wire | Filed In: Earnings Per Share and Company Earnings
* Net income of $81.7 million for 2011, compared to $62.9 million for 2010. This represents an increase of $18.8 million, or 29.87%. Diluted earnings per common share were $0.77. * 4(th) Quarter...
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Publication: Business Wire | Filed In: Earnings Per Share and Company Earnings
MICHIGAN CITY, Ind. -- Horizon Bancorp (NASDAQ: HBNC) today announced its unaudited financial results for the three and twelve month periods ended December 31, 2011. All share data has been adjusted to reflect...
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Publication: Business Wire | Filed In: Earnings Per Share and Company Earnings
2011 Loan Originations Up 19 Percent, Operating Expenses Down NEWARK, Del. -- Sallie Mae (NASDAQ: SLM), formally SLM Corporation, today released fourth-quarter and full-year 2011 financial results highlighting increased student loan originations, lower...
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Publication: Business Wire | Filed In: Company Earnings and Financial Results
Highlights: GAAP Financials(1) * Q3 revenue of $117.2 million, down 23.2% from the corresponding quarter last year (primarily due to change in accounting for repair payments) (2 ) and flat sequentially * Q3...
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Publication: Business Wire | Filed In: Earnings Per Share and Company Earnings
Net sales increase 9.6% to first quarter record $2.248 million; Net income up 30.9% to $755,000 LANCASTER, Calif. -- Simulations Plus, Inc. (NASDAQ: SLP), a leading provider of simulation and modeling software for...
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Publication: Business Wire | Filed In: Earnings Per Share and Company Earnings
Operating-Basis((1)) Earnings Per Share of $3.73 Increased 10% from $3.40 in 2010 BOSTON -- State Street Corporation today announced full-year and fourth-quarter 2011 earnings per common share of $3.79 and $0.76, respectively, compared...
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Business Glossary

Definitions for: Value-Added Tax (VAT)
Value-Added Tax (VAT)

indirect percentage tax levied on products or services at various stages of production and distribution. The actual value added to the product, including raw materials, labor, and profit, is determined at each stage or state of production and the tax is computed upon the increase in value. It is basically a tax allocated among the economic units responsible for the production and distribution of goods and services. Because collection of VAT takes place at the product's ultimate destination, VAT is not charged on export sales. VAT is charged on all domestically sold products regardless of the country of origin. Thus VAT is designed to provide an incentive to export and, of course, a disincentive to import.

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