White has advocated making corporations admit wrongdoing in certain cases, but preventing them from claiming tax deductions on payments is a big, albeit more mundane, piece of the puzzle.
In its prospectus of November 1900, the company forecast that it would realise £260,000 a year from passenger traffic, with working expenses of £100,000, leaving £138,240 for dividends after the deduction of interest payments.
In so doing, Iliffe sought to enjoy a tax deduction for payments amounting to £51.4m.
CAPPING DEDUCTIONS FOR THE WEALTHY Many wealthy Americans reap bigger gains from their tax deductions — of mortgage payments, charitable contributions and the like — than the middle class.
A reporter for The New York Times noted that Senator Robert Torricelli of New Jersey supported a deduction of college tuition payments from federal income taxes with "He and his advisers tout this whenever possible".
This could be done by limiting the tax deduction on interest payments or creating an equivalent type of deduction for dividends.
Recipients of state welfare are allowed only one funeral deduction from their payments.
We registered net payments after the deduction of taxes.
That sense of inclusion is an important part of the appeal to Kickstarter's supporters, who don't get a tax deduction for their payments.
Sometimes there were arbitrary or unfair deductions from payments too.
For a $100,000 gift annuity covering one person aged 65 and another aged 62, the site calculator showed an immediate tax deduction of $12,179.50 and an annual annuity payment of $5,000.
