The problem is that, beyond what he got right about the permit power, most of Epstein's critique was based on an incomplete caricature of permitting
in theory and practice.
Generally, the extent of the in-water activities will dictate the complexity of the permitting
process can take years for a stationary plant, according to Jay Glitz, applications manager at Eagle Crusher Co.
However, the permitting
process can be lengthy, particularly when a number of states are involved.
Maximum emission levels are estimated in order to establish the applicability of various regulatory and permitting
programs and to predict compliance with various emission standards.
98-22 provides that, in order for an employer to utilize any of the self-initiated correction programs (the Administrative Policy Regarding Self-Correction (APRSC), VCR, and Walk-in CAP, and possibly even the IRS-initiated Audit CAP), the employer must make a "full correction...with respect to all participants and beneficiaries, and for all taxable years (whether or not the taxable year is closed)." The "full correction" requirement is tempered somewhat by section 6.02(4), which provides special exceptions permitting
an employer to --
368(a)(2)(E) are treated as both stock and asset reorganizations, thereby permitting
the drop-down: of either stock or assets following such reorganizations.
The Board believes that modern global financial markets call for permitting
financial organizations to operate over a wider range of activities.
We play out these two factors through the following specific permit design policy goals and attributes: permits as barriers to entry into economic or other activity, permits as tools to gather information for the regulatory agency, permits as tools to tailor regulation to the specific circumstances of the permitted activity, permits as enforcement tools, and the political constraints on permitting
and regulatory systems.
That can be more time than a foundry can afford." Besides being detrimental to the environment, improper permitting
can mean noncompliance, which can shut down a foundry and cease production, he added, costing a company like GM the competitive edge in the global marketplace.
* The regulation permitting
a reconstructed base-year unit cost of new items entering the pool would have little application if the components-of-cost method is used, since a taxpayer using the components-of-cost method would rarely have a new item entering the pool.
Whether executed through a corporate parent or a separate subsidiary, global hedging activities minimize the group's administrative costs by permitting
it to centralize its expertise in the evaluation of, and pricing, execution, and accounting for, various financial products employed to hedge group-wide activities.