In accrual basis accounting, income is reported in the fiscal period it is earned, regardless of when it is received, and expenses are deducted in the fiscal period they are incurred, whether they are paid or not.
Glass's commission was about $104,000, which he would earn regardless of how long Douby remained his client.
What they have in common are lucrative fees: managers typically charge 20percentt of profits and 2percentt of total funds under management — the latter of which they earn regardless of performance.
The G.N.P. figure is similar to the more widely known G.D.P. — gross domestic product — but it includes profits only of Irish citizens and companies, regardless of where they were earned instead of profits of companies operating in Ireland.
Many, including officials in Ireland's Ministry of Finance, have argued that it is not Ireland's tax policies that are to blame for the tax practices of U.S. multinationals like Apple, but rather those of the U.S. The U.S. tax policy is to tax all worldwide income of U.S. corporations, regardless of where it is earned.
I also introduced a bill last year, the Corporate Tax Dodging Prevention Act, which would tax all profits of American corporations the same way regardless of where they are earned.
For the record, American insists that it regards all frequent-flier miles as equal, regardless of how they are earned.
The United States imposes taxes on a worldwide basis, taxing profits of American corporations regardless of where the money is earned.
That means a decent wage, access to benefits like workers' compensation, and the right to organize, regardless of the avenue through which those benefits are earned.
I am earning a salary of an enrolled nurse!
