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Other types of beneficiaries approved by the IRS for voluntary contracts might be churches, or other charities.
The public corporation is the nexus for a complex set of voluntary contracts among customers, workers, managers, and the suppliers of materials, capital, and risk bearing.
Once the tax law allows such voluntary contracts, entities approved by the IRS can be set up as the beneficiaries of monies collected through this add-on to the tax system.
Government enacts rules on employment, influences interest rates, allows widely different qualities of education in school districts and imposes countless policies that distort distribution of pretax incomes -- compared with what they might be in a libertarian world of voluntary contracts and no government.
Noting, importantly, that with Internet companies, "it's typically voluntary contracts".
The time-tested principles of property rights, voluntary contracts and a healthy respect for the evolutionary nature of the free market offer superior guidelines for governing high-tech markets.
Similar(48)
And isn't that always a voluntary contract?
The former focused on voluntary contracting and the latter on institutional stability that safeguards the freedom of contract.
We experimentally investigate whether voluntary contract components can reduce the conflict of interest and increase truth telling of advisors.
Marriage was redefined as a voluntary contract that conferred rights upon the wife as well as the husband.
The cooperation is conducted under a voluntary contract, not under subpoenas or court orders compelling the company to participate, according to the officials.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com