Antecedents of and Outcomes after Finance Committee Use

The Revenue Reconciliation Act of 1993 (RRA93) significantly expanded the earned income credit (EIC), which was changed to include low-income taxpayers without dependents. Evolving, most directly, from the “workfare” plan (1972) proposed by Senate Finance Committee Chairman, Russel B. Long, and in response to President Nixon's Family Assistance Program (FAP), the post-1974 EIC was not the first of its kind. It had two predecessors. The EIC of 1923 through 1931 benefitted taxpayers with or without dependents and excluded any “workfare” feature. A second EIC, in name only, was in effect for the 1934 through 1943 tax years. This paper develops a historical framework for study of the post-1974 EIC. This framework necessarily precedes any investigation of contemporary issues relating to the twenty-year history of the post-1974 EIC which, unlike its first predecessor, appears destined to continue as a permanent, expanding mechanism for the delivery of basic subsistence to the “working poor.” The resolution of these contemporary issues will determine whether the post-1974 EIC is destined to replace or continue to co-exist with a (presumably) more costly welfare delivery system.

Download Full-text

Report of the WFN finance committee

Journal of the Neurological Sciences ◽

10.1016/0022-510x(86)90117-6 ◽

1986 ◽

Vol 74 (2-3) ◽

pp. 319-326

Keyword(s):

Finance Committee

Download Full-text

Report of the Treasurer and the Finance Committee

Journal of AOAC INTERNATIONAL ◽

10.1093/jaoac/60.2.420 ◽

1977 ◽

Vol 60 (2) ◽

pp. 420-420

Author(s):

Bernhard Larsen

Keyword(s):

Finance Committee

Download Full-text

Statement for Inclusion in the Hearing Record of: Hearing on Tax Reform Options: International Issues Held September 8, 2011 Before U.S. Senate Finance Committee - Congress Should (1) Replace the Current Deferral Regime for the Taxation of Foreign Income with an Imputation System Accompanied by a Lower Corporate Rate, and (2) Reject Proposals for Enactment of a Territorial System

SSRN Electronic Journal ◽

10.2139/ssrn.1929004 ◽

2011 ◽

Author(s):

Samuel C. Thompson, Jr.

Keyword(s):

Tax Reform ◽

Finance Committee ◽

International Issues

Download Full-text

Structure and Composition of Board’s Committees: Analysis of Pakistan International Airlines Corporation Limited

Research Journal of Social Sciences and Economics Review (RJSSER) ◽

10.36902/rjsser-vol2-iss1-2021(83-96) ◽

2021 ◽

Vol 2 (1) ◽

pp. 83-96

Author(s):

Khalid Hussain Abbasi ◽

Ashfaque Ali Banbhan ◽

Najia Shaikh

Keyword(s):

Decision Making ◽

Secondary Data ◽

Good Faith ◽

Annual Reports ◽

Finance Committee ◽

Finance Officer ◽

International Airlines ◽

It Procurement

This study aimed to explore the composition of BODs committees in PIACL. Secondary data from Annual Reports, Act, Rules and Regulations of the corporation in general and SECP recommendations i.e., the codes of CG in particular were collected. Data were analyzed in MS-Office 2016 version using MS-Excel and MS-Word. Obtained results are, the BODs can exercise their powers to form the board’s various committees, but at the same time BODs must execute their responsibilities focusing on objectives of the corporation and larger interest of stockholders in good faith and judgment, especially executing authority for the establishment of AC. BODs must confirm that none of the member's interests conflicts with the objectives of the committee. The Principal Finance Officer (CFO), inside audit officials, and officers like the chief cooperating officer (CEO) do not represent AC. However, one member of the committee must hold ample knowledge related to finance, but this does not mean that a member of the board who is linked either with financial matters or audit operations is appointed on the committee. Results further indicated that in PIACL different committees of BODs have been formed where a director in the finance committee is also appointed as member or chairman in AC in contrast to SECP codes. Similarly, various BODs have been made part of the AC, HR, IT, Procurement, Marketing (Brand and advertisement) committee. Whereas, practically it is very uncommon that an individual possesses expertise in IT, HR, Marketing, and Finance fields simultaneously as these are diverse fields, how come a person can be an expert of all disciplines at the same time? Hence, the appointment of directors in multiple committees at the same time raises a lot of questions about the independent working or decision-making of such committees.

Download Full-text