Getting corporations off the public dole
Article Abstract:
Corporate welfare programs, usually in the form of subsidies and grants, should be cut, according to both conservative and liberal critics. Government programs for corporations include direct hand-outs, below-cost goods and services, tax breaks, and business-protection laws. States competing to attract businesses often rely on tax breaks at the expense of the taxpayers. Reform advocates suggest regular government reporting on recipients, means testing, public hearings on new programs, and public reports by corporate welfare recipients.
Publication Name: Business and Society Review
Subject: Law
ISSN: 0045-3609
Year: 1995
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Business incentives and the GATT subsidies agreement
Article Abstract:
Australia must reconsider attempts to promote exporting in light of the GATT restrictions on subsidies. Some business incentives currently used are invalid under the treaty such as the Customs bounty schemes while business lobby proposals for accelerated depreciation are also not permitted. However, other ways of encouraging export trade are still valid such as exempting exports from a future goods and services tax, rebating indirect taxes and borrowing incentives for investments not related to exporting.
Publication Name: Australian Business Law Review
Subject: Law
ISSN: 0310-1053
Year: 1995
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Will buyers who fail to explicitly communicate their purpose succeed on a claim for misleading conduct?
Article Abstract:
The Australian Full Federal Court ruled that a supplier could be liable for deceptive and misleading conduct when providing a substitute product to a buyer, which damages the buyer's plant, through another company, in Clyde Industries v. Golden West Refining Corp. This ruling does not match the facts because only the middle company was aware of the buyer's specific needs. Therefore, holding the supplier liable for information that was not available to anyone but the middle company is an unusual result.
Publication Name: Australian Business Law Review
Subject: Law
ISSN: 0310-1053
Year: 1997
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