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PDF Editor FAQ

According to the Second Amendment, I have the right to bear arms. So, why can't I have my own nuclear weapon?

You can. Periodically, the US government puts up for bid the construction and maintenance of our nuclear weapons stockpile. That contract is currently held by Pantex, a private company. When in the plant, the bombs are being held by civilians. You too could bid on it and win. Good luck.

If a company in Ireland leased a bulldozer to a company in the U.S., does the Irish company have to pay income tax in the U.S.?

You have picked (either accidentally or on purpose) two countries that make the only possible answer "it depends".Ireland has a complex set of tax laws which make it possible to structure a business in such a way that taxes are somewhere between "low" and "non-existent". This is why companies from Apple to Coke base operations in Ireland.This is particularly true for leasing companies, and many aircraft leasing companies are based in Ireland.However... The USA taxes worldwide income. So if the beneficial owner of the Irish company is an American company, they may have to pay tax on the repatriated portion of the profit.Or not.Which is why lawyers who specialize in this stuff get paid very very well.See Double Irish arrangement and http://www2.deloitte.com/content/dam/Deloitte/ie/Documents/Tax/crossing%20boarders%20.pdf for details.Warning: don't read this before operating heavy equipment or driving. It consists of many pages filled with paragraphs such as the following:Under Irish GAAP, leases are accounted for in line with Statement of Standard Accounting Practice 21 (SSAP 21: Accounting For Leases and Hire Purchase Contracts). In addition, regard should also be given to the “Guidance Notes on SSAP 21 Accounting for Leases and Hire Purchase Contracts” issued in August 1984. The overriding principle behind SSAP 21 is for companies to reflect the commercial substance of a lease rather than the legal form. This concept is fundamental in Irish GAAP, and is also dealt with in Financial Reporting Standard 5 (FRS 5: Reporting the Substance of Transactions). FRS 5 requires transactions to reflect substance over form and provides particular guidance in respect of sale and leaseback transactions. Furthermore, the substance over form is also reinforced in Irish law by section 5(f) of the Companies (Amendment) Act, 1986 which requires directors preparing financial statements to have regard to the economic substance of transactions when deciding on the presentation to be adopted in the accounts.

Are the UK nuclear bombs built up in the UK or in the US?

They were physically built at AWE Aldermaston (Atomic Weapons Establishment).Contrary to popular belief, the Trident warheads (Mk.4) are not based on the American W-76.Initially, the UK wanted to purchase the UGM-96A Trident I. This would have included the plans of the W-76 which the UK would then produce as a copy.But eventually, the contract was amended and the UK would obtain the UGM-133A Trident II still under development at the time. This gave AWE Aldermaston plenty of time to develop their own warheads independent of the W-76.

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