Boko Haram may be reaching its bitter end in Nigeria as the the country's military, with the support of Niger, Cameroon, and Chad, plans a massive ground invasion of the insurgents’ long-controlled safe zone, the Sambisa Forest. Outgoing Nigerian President Goodluck Jonathan has refused the offer of the United Nations to send troops, expressing confidence in the regional Multinational Joint Task Force's (MNJTF) ability to rout Boko Haram before the May 29 handover to the new president. However, Boko Haram remains deadly as long as sharia is the precondition for political and economic gains to the Muslim north.
This paper examines the effects of a U.S. Supreme Court ruling that a one-time retroactive British “Windfall Tax” levied on 32 public utilities that were privatized between 1984 and 1996 was eligible for the US foreign tax credit (FTC). The decision could have far-reaching implications for the creditability of taxes that are not ordinarily thought to be income taxes, including various cash-flow business taxes that are key elements of several proposals recommending replacement of the income tax with a consumption-based tax.
Charles E. McLure, Jr., Jack Mintz, George R. ZodrowAugust 20, 2014