This paper presents the experimental performance test evaluation of a commercial wind-driven positive displacement pump type JOBER of 3in diameter. Results of the behaviour of pump lift rod peak force, in relation with the lift rod elasticity and the piston valve closure delay are presented. The...

This paper examines the risks and returns of Latin American stocks following American depository receipt (ADR) listings in U.S. equity markets and finds no systematic change in their volatility. This finding differs from previous results for ADR introduction on European and Asian stocks,...

New Section 871(m)(3)(B) provides that effective March 2012 all equity swap contract payments that reference U.S. source dividends will be subject to withholding tax, unless the U.S. tax authorities determine that the equity swap contract is of a type that does not have the “potential for tax...

This article gives historical perspective as to how U.S. tax authorities struggled to fit a sophisticated financial product like Total Return Equity Swaps into the existing tax “cubbyholes”, and suggests that the current methodology used by U.S. tax authorities to analyze sophisticated...