| Articles for
July 25, 2007 |
| Privatization |
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Privatization, in the technical sense, is "the transfer of ownership from the public sector (government) to the private sector (business)." However, as the term is more commonly used it also refers to a government subcontracting a service or function to a private firm. Governmental entities outsource services and activities for reasons that vary from one setting to the next. The impetus to privatize might include lack of manpower and staff expertise to cost containment.
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CIRCULAR 230 DISCLOSURE:
To ensure compliance with recently-enacted U.S. Treasury Department Regulations, we are now required to advise you that, unless otherwise expressly indicated, any federal tax advice contained in this communication, including any attachments, is not intended or written by us to be used, and cannot be used, by anyone for the purpose of avoiding federal tax penalties. |
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House Enrolled Act 1478 authorized counties to impose additional rates of County Option Income Taxes (COIT) and County Adjusted Gross Income Taxes (CAGIT) for levy growth, property tax relief and public safety costs effective May 11, 2007.
