To date, the program, announced by PeopleSoft management just days after Oracle's tender offer was announced, has incurred a liability of more than $2 billion.
About 6percentt of BCE stock is owned by investors in the United States and they, unlike their Canadian counterparts, will incur a tax liability under the deal.
Since the government is always willing to allow people to incur a tax liability, there are no restrictions on immediate reinvestment in the same security, as there are when a capital loss is realized.
But Senator John Thune, Republican of South Dakota, said the government could incur "a huge new liability down the road".
For example, Schmidt gives his advice for employees of companies going public: he recommends taking your time and being careful about selling stock so that you actually make money and don't just incur a heavy tax liability.
As the employer of record of our temporary workers we incur a risk of liability for various workplace events, including claims for personal injury, wage and hour requirements, discrimination or harassment.... [S]ome or all of these claims may give rise to litigation including class action litigation...
Last year the Chancellor doubled the amount that companies are allowed to spend on staff entertainment without incurring a tax liability.
(Apple is keeping a cash hoard of more than $100 billion overseas, at least partly to avoid incurring a tax liability in the United States).
That summer, Mr. Lay converted more than 200,000 options into stock, but did not sell the shares, incurring a tax liability on an investment that proved worthless.
Many for-profit businesses complain about growing competition from nonprofit enterprises producing goods and services identical to theirs without incurring a tax liability.
Any increase to the discount available under the Right to Acquire would only be possible through upfront central government subsidy, potentially incurring a high liability for the public purse".
