That seems fine as long as the trusts pay tax on profits (just as companies do) and their beneficiaries pay tax on any disbursement or benefit (just as shareholders do).Instead, trust law has become a murky world.
"A comprehensive and detailed list of reforms is needed... and a comprehensive deal is necessary before any disbursement can take place.
(2) Any disbursement of funds (other than a payment described in paragraph (1)) made by the entity, its officers or directors, or any of its affiliates or subsidiaries to any person with the intent or the reasonable expectation that the person will use the funds to make a payment described in paragraph (1).
The fund said Thursday that it had no plans to speed any disbursements to Argentina.
Second, the trustees and the beneficiaries should be legally responsible for reporting any disbursements or benefits, and for making sure the tax is paid on them.
The school has yet to receive a dime, but leaders of the campaign said plans had always called for waiting until the $12 million goal was reached and generating about $500,000 in income before any disbursements were made.
Despite the Brussels agreement, Greece hasn't received any disbursements from the E.U., and it won't receive any until Syriza can persuade the European Commission, the European Central Bank (E.C.B ., and the International Monetary Fund the "troika" of financial institutions that has long overseen the Greek bailout that its economic-reform program meets their specifications.
Despite the Brussels agreement, Greece hasn't received any disbursements from the E.U., and it won't receive any until Syriza can persuade the European Commission, the European Central Bank (E.C.B ., and the International Monetary Fund — the "troika" of financial institutions that has long overseen the Greek bailout — that its economic-reform program meets their specifications.
We analyzed data from all countries that ever received Global Fund disbursements, and countries that were eligible to apply for grants but did not receive any disbursements, between 2002 and 2010.
11.38, bars any foreign or domestic corporation from making "any contribution or disbursement, directly or indirectly, either independently or through any political party, committee, group, candidate or individual for any purpose other than to promote or defeat a referendum".
The fund said any future disbursements of aid to the country would be administered by the fund itself and would not be deposited directly in Ukraine.
