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When Berkshire Hathaway announced last week that its reinsurance business would have $2.2 billion in estimated losses, it said it would "receive an immediate tax benefit in the form of a reduction of estimated taxes payable during the remainder of 2001 and a prompt refund of estimated payments made earlier in the year".
Based on what I saw, I thought a prompt refund was due.
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(Groupon issues prompt refunds in that case).
The day before Mr. Davis also criticized the president for not ordering prompt refunds by the power generating companies for overcharging Californians.
Prompt refunds?
The resulting backlash prompted it to refund those who paid more, and Amazon now declines to discuss its pricing system.Users of price-customisation software have so far been reluctant to peep at potential customers' social-media pages, for fear that this would provoke a privacy backlash.
The three-person commission last year expressed some support for the refund, prompting concern the panel is preparing to side with the industry in the middle of a budget crisis.
But banks rarely reimburse clients for losses, because doing so might prompt others to demand refunds when their investments sour.
✒A competition cock-up on ITV1's daytime show Dickinson's Real Deal prompted the broadcaster to refund more than £5,000 to viewers who had entered the premium rate phone-in poser.
The Carnival Corporation, the world's biggest cruise line, said refunds prompted by Hurricane Jeanne would cut net income by 2 cents a share in the fourth quarter.
We will give the matter prompt attention & you should get the refund in a few days".
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CEO of Professional Science Editing for Scientists @ prosciediting.com