For purposes of such Code, the requirements of section 992(a)(1)(B) of such Code (relating to percentage of qualified export assets on last day of the taxable year) shall not apply to any taxable year ending on December 31 , 1984
amounts (other than reasonable working capital) on deposit in the United States that are utilized during the period provided for in, and otherwise in accordance with, regulations prescribed by the Secretary to acquire other qualified export assets.
the adjusted basis of the qualified export assets (described in paragraphs (1), (2), (3), and (4) of subsection (b)) held by such foreign corporation at the close of such taxable year equals or exceeds 95percentt of the sum of the adjusted basis of all assets held by it at the close of such taxable year.
Italians who brought back illegally exported assets, his government decreed, could make a one-time 2.5percentt payment in exchange for freedom from prosecution.
A judge investigating allegations that banks illegally exported assets before last month's 50percentt devaluation has barred nearly 20 bank executives from leaving the country.
These include a ban on the supply of heavy weaponry and nuclear-related technology to Iran, a block on arms exports, asset-freezes, travel bans, bans on trade in precious metals, and bans on crude oil exports and banking transactions, among others.
Together with the export of assets abroad, and the despatch of sons and daughters to foreign schools and universities, it suggests that the party brass lacks confidence in the future.
And when they are done, they can easily export their assets for production use.
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