Anxious to avoid the fate of Arthur Andersen, destroyed by the Enron scandal, Grant Thornton is trying to argue the principle of "local liability" in order to distance itself from its Italian operation.
Unlike in the 1980s, when parks often became a local liability, everybody now seems to agree that parks are a good thing – environmentally, economically, socially and for health – and for them to remain a good thing, services need to be maintained if not improved.
Finally, persons involved in the management, redevelopment, sales, or leasing of industrial or residential property should be aware of mercury-related hazards, whom to contact if mercury is found, and the applicable state and local liability laws.
Second, if you are allowed on set (dependent on local liability laws and your own skills) are you happy to spend hours hanging around a film set, potentially not doing much while other things are happening?
Determine state and local tax liabilities based on your locality.
But you can apply the same method to China's local government liabilities alone.
Winners are also personally responsible for any personal or incidental expenses and any VAT, national and/or local tax liabilities incurred in claiming or using the prize.
The bank said that at the end of last year, local government liabilities were as high as 30 percent of gross domestic product, or about $2.2 trillion — far higher than previous estimates.
Although many economists argue that the country's enormous stash of foreign exchange reserves helps make Beijing strong enough to cope with the local government liabilities, they also point to worrisome signs of mounting debt.
Oren M. Spiegler Upper St. Clair, Pa., Dec. 26, 2010 To the Editor: Your editorial's reference to unfunded state and local pension liabilities of $3.5 trillion, as if that amount is a simple matter of undisputed fact, exemplifies the adage that something repeated often enough eventually will be perceived as truthful.
