Re: BC Hockey Wins Again
posted at 3/27/2012 12:21 PM EDT
In Response to Re: BC Hockey Wins Again
[QUOTE]In Response to Re: BC Hockey Wins Again : Not correct. by reasons denied troll The general reasons for the change from prohibited transaction rules to excise taxes on self-dealing are set out in General Explanation of The Tax Reform Act of 1969 (December 3, 1970), prepared by the Staff of the Joint Committee on Internal Revenue Taxation. Paraphrasing the Explanation, arm’s-length standards have proved to require disproportionately greater enforcement efforts, resulting in sporadic and uncertain effectiveness of the provisions. On occasion the sanctions were ineffective and tended to discourage the expenditure of enforcement effort. On the other hand, in many cases the sanctions were so great in comparison to the offense involved, that they caused reluctance in enforcement, especially in view of the element of subjectivity in applying arm’s-length standards. Where the Service did seek to apply sanctions in such circumstances, the same factors encouraged extensive litigation and a noticeable reluctance by the courts to uphold severe sanctions. Consequently, as a practical matter, prior law did not preserve the integrity of private foundations. To minimize the need to apply subjective arm’s-length standards, to avoid the temptation to misuse private foundations for noncharitable purposes, to provide a more rational relationship between sanctions and improper acts, and to make it more practical to properly enforce the law, the Act generally prohibits self-dealing transactions and provides a variety and graduation of sanctions. This is based on the belief by the Congress that the highest fiduciary standards require complete elimination of all self-dealing rather than arm’s-length standards Add in the dim wit Marty "Three Terms Limits" Meehan whose inability to negotiate and thank Aramark for the rescue at a price! . KNOW YOUR FACTS AND GET OFF THE BLOGS AND ONTO BUSINESS JOURNALS IF YOU CAN UNDERSTAND 12 GRADE JOURNALISM?
Posted by whr[/QUOTE]
you may want to take your own advice. here, you can find this anywhere and i have a friend in the administration but what ever.
"UMass Lowell acquired the former Tsongas Arena in February 2010 and renamed it the Tsongas Center at UMass Lowell with the mission of creating the region’s premier venue for entertainment and sports. After the acquisition, the university immediately launched a round of extensive renovations to the $24 million building, both inside and out. The changes include a new video scoreboard and LED “ribbon” boards; the spectacular club and premium seating of the Lowell Cooperative Bank Pavilion; the new Talon Club and University Suite rooms; a new, 60-speaker sound system; all-new concessions; new signs and other visual enhancements; interactive tributes to outstanding former UMass Lowell athletes; and a permanent exhibit honoring the late U.S. Sen. Paul Tsongas, a Lowell native. Currently, a brand new ice system and dasher board system are being installed with a new fall-arrest protection system also scheduled for installation."
If you have not been, it's a great venue, UML did a great job with the renovations to their arena