There is a new case from Finland, whose law gives shareholders credit for Finnish, but only Finnish, corporation tax paid by the company.
But unlike banks, which primarily serve shareholders, credit unions are nonprofit entities set up by members and governed by a volunteer board.
Shareholders Shareholders receive credit for resisting low premium takeovers agreed by target boards, including offers for Cedar Fair and Dynegy.
A Bruce A. Cholst, a Manhattan co-op and condominium lawyer, said that if the letter writer was current on his payments, the co-op would not have any legal basis for terminating the proprietary lease, even if the shareholder's credit had deteriorated.
Orix has approached Mizuho Financial Group, the biggest shareholder in Credit Saison, to sound out the possibility of buying its nearly 12% stake in the company, an unnamed source told Reuters.
The systems employed in the United Kingdom and France have provided resident shareholders a credit for about half of the corporate tax.
Another approach to integration involves granting shareholders a credit (offset against their individual tax liability) for the corporate tax allocable to dividends they have received.
This would best be accomplished by granting resident shareholders a credit equal to their proportionate share of the tax paid by the corporation.
Shareholders may credit Mr. Ricke with keeping the company afloat, but he must still figure out how to make it take wing.
Jeff Dietert, an analyst with Simmons & Company in Houston, said he believed that since the signing of the merger, additional shareholder lawsuits, credit-rating downgrades, disclosures of additional debts and the deterioration of the trading business had all harmed Enron's value.
