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Korcula Island (pronounced KOR-chu-la), also known as the Emerald Isle, is one of the absolute best islands near Dubrovnik. Located in southern Dalmatia, this small, 279-square-kilometer island is a favorite among travelers. A place of culture, history, beauty, and charm, the island of Korcula offers a variety of activities and unique traditions all surrounded by the stunning Adriatic sea and excellent Korcula weather.
Hi, Dave! My husband and I will be going to Greece 8/26 – 9/4. We are flying into and out of Athens for cost efficiency. We really want to see Navagio Beach on Zakynthos for a day, and we realize this will likely be an overnight trip, or even 2 nights depending on the travel options. What is the best way to get from Athens to Zykanthos? What is the best way to get from Zakynthos to Santorini? Or is it best to just go from Zakynthos back to Athens and then to Santorini? We are trying to avoid additional flights but realize we may have to fly from Zakynthos to Santorini.
Airlines follow a corporate structure where each broad area of operations (such as maintenance, flight operations (including flight safety), and passenger service) is supervised by a vice president. Larger airlines often appoint vice presidents to oversee each of the airline's hubs as well. Airlines employ lawyers to deal with regulatory procedures and other administrative tasks.[86]
We would love your help, we are a party of four 50 plus adults from Australia and never have been too the Greek Island. We're not sure whether we should be going to naxos or paros , we are there for 4 days and not sure whether just to stay on one island and ferry to the other and if you think possible even a day trip to santorini. Our priorities are culture and history, swimming in beautiful beaches, beautiful views, nice towns, and food and drink. We're not interested in clubbing at all, but more laid-back late night bars definitely appeal. This will be our one big holiday this year as we will be celebrating my 50th birthday while there so want it too be special.
Since St. John is part of the U.S. Virgin Islands, U.S. citizens can visit without a passport. There are quite a few bargains on both St. Thomas and St. John right now, so it's a good choice for travelers on a budget. Snorkelers should not miss visiting Trunk Bay, one of the best snorkeling spots in all of the Caribbean for seeing amazing marine life.
If a particular city has two or more airports, market forces will tend to attract the less profitable routes, or those on which competition is weakest, to the less congested airport, where slots are likely to be more available and therefore cheaper. For example, Reagan National Airport attracts profitable routes due partly to its congestion, leaving less-profitable routes to Baltimore-Washington International Airport and Dulles International Airport.
I'm a Maui native and it is not that expensive! You just need to do it the smart way, avoid tourist traps and ABC stores, stop at Costco to stock up on supplies before you reach your hotel. Many of the best things Hawaii has to offer are free: beaches, sunsets, hikes, snorkeling, walking the streets of small beach towns. Condos are also way cheaper than hotels and they are usually beachfront.
We are having trouble deciding on another island to go to besides Santorini (we both want to go there). I was hoping you might be able to make a suggestion. We are not really into late night partying/night life. We LOVE good food..quite possibly the most important item on our list. We also like to hike, my husband is very into history, we love beer/wine, we could definitely be into in a less populated/touristy type spot. Gorgeous beaches and great views are also a plus.
The only ferry from Kusadasi to Greece goes to the Greek island of Samos. It's a great island and certainly worth a few days. From Samos, there are usually direct ferries to Mykonos and Syros. These are very different islands that have a very different vibe – but both appealing in their own way. From Mykonos there will be direct flights to Western Europe (most likely Rome, Paris, Amsterdam, and London) though not every flight flies every day so requires some planning. Santorini would be another ferry ride from Mykonos. And Crete farther still. So you wouldn't have time to get to either island.
We are having trouble deciding on another island to go to besides Santorini (we both want to go there). I was hoping you might be able to make a suggestion. We are not really into late night partying/night life. We LOVE good food..quite possibly the most important item on our list. We also like to hike, my husband is very into history, we love beer/wine, we could definitely be into in a less populated/touristy type spot. Gorgeous beaches and great views are also a plus.
To sum up: a lot depends on your own stamina because island hopping means packing and unpacking, getting on and off buses and ferries. Limit your choice of islands to perhaps one or two less than you think you can manage. Maximise transport links to avoid backtracking or port-transferring and since you are traveling high season be aware that you will usually need bookings ahead at most places. It is possible to turn up on an island and not find a place to stay or have to make do with a third-rate option.
Air transport agreement Bermuda Agreement (UK-US, 1946-78) Bermuda II Agreement (UK-US, 1978-2008) China-US Cross-Strait charter (China-Taiwan) Beijing Convention Cape Town Treaty Chicago Convention Convention on the Marking of Plastic Explosives European Common Aviation Area Flight permit Freedoms of the air Hague Hijacking Convention Hague Protocol ICAO Montreal Convention Open skies (EU–US Open Skies Agreement) Paris Convention of 1919 Rome Convention Sabotage Convention Tokyo Convention Warsaw Convention
In recognition of the essential national economic role of a healthy aviation system, Congress authorized partial compensation of up to $5 billion in cash subject to review by the U.S. Department of Transportation and up to $10 billion in loan guarantees subject to review by a newly created Air Transportation Stabilization Board (ATSB). The applications to DOT for reimbursements were subjected to rigorous multi-year reviews not only by DOT program personnel but also by the Government Accountability Office[46] and the DOT Inspector General.[47][48]
Growth rates are not consistent in all regions, but countries with a de-regulated airline industry have more competition and greater pricing freedom. This results in lower fares and sometimes dramatic spurts in traffic growth. The U.S., Australia, Canada, Japan, Brazil, India and other markets exhibit this trend. The industry has been observed to be cyclical in its financial performance. Four or five years of poor earnings precede five or six years of improvement. But profitability even in the good years is generally low, in the range of 2–3% net profit after interest and tax. In times of profit, airlines lease new generations of airplanes and upgrade services in response to higher demand. Since 1980, the industry has not earned back the cost of capital during the best of times. Conversely, in bad times losses can be dramatically worse. Warren Buffett in 1999 said "the money that had been made since the dawn of aviation by all of this country's airline companies was zero. Absolutely zero."[88]
But Indonesia has more than just Bali. The nearby Gili Islands are another incredible island getaway. Both destinations make for a more active tropical vacation and the weather remains pretty constant all year round (though April to October sees slightly drier weather). Both Bali and the Gili Islands are close enough that you should be able to visit them both on your trip to really get the most out of this idyllic corner of the world.
We are having trouble deciding on another island to go to besides Santorini (we both want to go there). I was hoping you might be able to make a suggestion. We are not really into late night partying/night life. We LOVE good food..quite possibly the most important item on our list. We also like to hike, my husband is very into history, we love beer/wine, we could definitely be into in a less populated/touristy type spot. Gorgeous beaches and great views are also a plus.
With the outbreak of World War II, the airline presence in Asia came to a relative halt, with many new flag carriers donating their aircraft for military aid and other uses. Following the end of the war in 1945, regular commercial service was restored in India and Tata Airlines became a public limited company on July 29, 1946, under the name Air India. After the independence of India, 49% of the airline was acquired by the Government of India. In return, the airline was granted status to operate international services from India as the designated flag carrier under the name Air India International.
The first new airliner ordered by Imperial Airways, was the Handley Page W8f City of Washington, delivered on 3 November 1924.[15] In the first year of operation the company carried 11,395 passengers and 212,380 letters. In April 1925, the film The Lost World became the first film to be screened for passengers on a scheduled airliner flight when it was shown on the London-Paris route.
I'm sorry if you covered this in another part of your site, (either I'm technically challenged or there just isn't a search function for your site) but I'm curious about Corfu. From what I can tell, you mentioned it once in your site under your post about best beaches. The Paleokastritsa area is something that has caught my attention for a while and is on my list, and then I saw pictures of Nissakids Bay and that looked kind of amazing.
Located on the eastern coast of Malaysia, the Perhentians consist of two islands. Both are stunningly covered with a lot of palm trees, wide beaches, and crystal blue water. There's not much to do here, and visitors typically lay on the beach all day, resting from last night's drinking. It's the perfect place to put up a hammock. A strong monsoon season limits when to go to between March and October. During the other times, it's best to head to Thailand, where the weather is nicer.
As soon as I think of travel, it's not long before my mind drifts to white sand beaches, azure blue water, and palm trees in tropical locales. When most people think of paradise, chances are they're thinking of tropical islands is far-flung corners of the world. Lounging with a good book, drinking from coconuts, soaking up the rays. Does it get any better than that?
I think it depends on where you live when it comes to expensive holidays, and what sort of accomodation you want. I'm from London and went to the Maldives in oct 2010 2 wks all Inc, £1150. Which was a bargin as previous years I been to Spain spending over £100 day on food and drink etc. I went to the addu atoll on the island of gan which is the most southern chain of islands. The hotel was everything I could have dreamed of, it wasn't posh or extravergant but who cares when ya in the Maldives. Another great reason to go to the addu atoll is that when the British were there they built bridges and causeways connecting the south and west islands which means u can get on a bike and go and meet the locals, they were so friendly and I recomend the addu atoll to anyone !!!!!
Jamaica attracts travelers of many different types. Some come to see the amazing flora and wildlife, including many exotic species of birds. Others come to experience the famous Reggae music scene, which had its birthplace on this island. Others are drawn to the many great deals available on Jamaica, especially when it comes to all-inclusive resorts. Finally, many golfers come to Montego Bay, known for having the best golf courses in all of the Caribbean.
The United States, Australia, and to a lesser extent Brazil, Mexico, India, the United Kingdom, and Japan have "deregulated" their airlines. In the past, these governments dictated airfares, route networks, and other operational requirements for each airline. Since deregulation, airlines have been largely free to negotiate their own operating arrangements with different airports, enter and exit routes easily, and to levy airfares and supply flights according to market demand. The entry barriers for new airlines are lower in a deregulated market, and so the U.S. has seen hundreds of airlines start up (sometimes for only a brief operating period). This has produced far greater competition than before deregulation in most markets. The added competition, together with pricing freedom, means that new entrants often take market share with highly reduced rates that, to a limited degree, full service airlines must match. This is a major constraint on profitability for established carriers, which tend to have a higher cost base.
Beach Day: Spend a day on one of many beautiful small beaches and bays, including pebble and sand beaches. Beaches to check out are Pocukmarak (the biggest beach on the south side, which also happens to contain a stone sarcophagus and two covers in the water that are around 1500 years old), Tratica, Carpusina and Sotorisce (the biggest and the most popular beach on Silba).
my Name is Julie. for those of view who have never visited tahiti you are seriously missing out. its beautiful and wild and the people are so nice and the weather is great. we got to eat a giant freshly caught tuna and had a big cook out wih tahitian dancers who tell a story about their islands and history. if your looking for paradise tahiti is it do not forget the passports though. you go out and watch the golden sun dance on the water as you watch it set for the night as it gently washes away the stress of busy cities that we live in. i can't wait to go back what an adventure yahoo!
Can you see all the major sights in Athens in one day? No. But you can see the Acropolis, Acropolis Museum, and the top historical sites of the Plaka in one day. If you had an extra half-day then visit the Archaeological Museum in Exarcheia. That still leaves many great sights but you will have seen all of the iconic Athens attractions. Adding Naxos is always a good idea. You might even enjoy it more than Mykonos (but no nightlife like Mykonos).
Hydra is great but it does take a bit of time and effort to get to from the Cyclades. You'll need to ferry to Athens, then might have to overnight there, then ferry to Hydra. Whereas Naxos, Paros, Milos, Folegandros, etc. would all be one direct ferry from Santorini or Mykonos. If you do go to Hydra then Leto Hotel is a great choice close to the port and shops and restaurants.
My husband and I are planning a trip to Greece in late May/early April. We already plan to spend a few nights on Santorini, and are trying to choose one other island to pair with it (will have 3 nights on other island). We are in our late 20s and are more interested in outdoors (hiking, exploring, beaches, boat trips). I'd like to keep travel time to a minimum, so I have been looking at the closer islands – Milos, Paros, and Naxos. Do you have any recommendations or thoughts on a good island to pair with Santorini?
Argostoli is the capital on the mid-west flank of the island and is not really a destination itself, that moniker falling to the contiguous beach scene running from Lourdata south eastward to Skala. While development might have caught up here by now, it should still be a pleasant beach scene and focus for a relaxing stay. The Melissani Cave on the east coast is a must attraction and while it can be visited on a day excursion from anywhere on Kefallonia the two villages or Agia Efthymia and Poros are low-key 'resorts' pulling in a regular crowd of travellers and may warrant a look-in. The port of Pesada (just west of Lourdata) is the home of the local ferry to Zakynthos (Zante).
Increasingly since 1978, US airlines have been reincorporated and spun off by newly created and internally led management companies, and thus becoming nothing more than operating units and subsidiaries with limited financially decisive control. Among some of these holding companies and parent companies which are relatively well known, are the UAL Corporation, along with the AMR Corporation, among a long list of airline holding companies sometime recognized worldwide. Less recognized are the private equity firms which often seize managerial, financial, and board of directors control of distressed airline companies by temporarily investing large sums of capital in air carriers, to rescheme an airlines assets into a profitable organization or liquidating an air carrier of their profitable and worthwhile routes and business operations.
How can we do this? It's easy. Because of our position, we have been able to create partnerships with every major airline in the world, and we buy the largest volume of airfare on flights to, from and within Canada. This allows us to get the best fares and pass those savings on to you. If you happen to find a better price elsewhere, let us know and we'll beat it! But there's no need to spend hours checking for flights on lots of different websites. By booking with us you can save time by comparing all available deals in one place all while being assured that if the price of the flight drops after you book, we'll credit you the difference with our amazing and free Price Drop Protection program.
In the 1990s, "open skies" agreements became more common. These agreements take many of these regulatory powers from state governments and open up international routes to further competition. Open skies agreements have met some criticism, particularly within the European Union, whose airlines would be at a comparative disadvantage with the United States' because of cabotage restrictions.
We're planning a Greece trip to celebrate our 25th anniversary in September 2017 We plan to arrive in Athens and directly take train to Kalambaka/Meteora (2 nights), then down to Delphi (hotel stay in Athens), a day to see sights in Athens, a day trip to Nafplio and then leave to explore islands. Our plan is to go to Naxos for 4-5 nights, then to Santorini (for our anniversary) for 4 nights, and then to Crete for 5-6 nights. I would like to see Delos and wonder if it's possible to stop in Mykonos, do the tour to Delos and still be able to catch ferry to Naxos the same day?
Also, if there are any other suggestions you have in general for Athens and Santorini I would love to hear them. I would like to be able to leave Athens early morning on Day 3 so that we can have almost a full day on our first island. We would like to see as much as we can without feeling like we are running around from island to island the whole time.
Moreover, the industry is structured so that airlines often act as tax collectors. Airline fuel is untaxed because of a series of treaties existing between countries. Ticket prices include a number of fees, taxes and surcharges beyond the control of airlines. Airlines are also responsible for enforcing government regulations. If airlines carry passengers without proper documentation on an international flight, they are responsible for returning them back to the original country.
You'd have to check the schedule for your specific dates but I think Santorini then Milos then Paros then Naxos and Athens would probably be the best order. 3 days in each sounds great. Or a small tweak: 2 days in Milos and then 4 days in Santorini (splitting time between 2 of the 4 caldera towns) or even 4 days in Paros (splitting time between Naousa and Parikia).
Growth rates are not consistent in all regions, but countries with a de-regulated airline industry have more competition and greater pricing freedom. This results in lower fares and sometimes dramatic spurts in traffic growth. The U.S., Australia, Canada, Japan, Brazil, India and other markets exhibit this trend. The industry has been observed to be cyclical in its financial performance. Four or five years of poor earnings precede five or six years of improvement. But profitability even in the good years is generally low, in the range of 2–3% net profit after interest and tax. In times of profit, airlines lease new generations of airplanes and upgrade services in response to higher demand. Since 1980, the industry has not earned back the cost of capital during the best of times. Conversely, in bad times losses can be dramatically worse. Warren Buffett in 1999 said "the money that had been made since the dawn of aviation by all of this country's airline companies was zero. Absolutely zero."[88]
Other factors, such as surface transport facilities and onward connections, will also affect the relative appeal of different airports and some long distance flights may need to operate from the one with the longest runway. For example, LaGuardia Airport is the preferred airport for most of Manhattan due to its proximity, while long-distance routes must use John F. Kennedy International Airport's longer runways.
As in many mature industries, consolidation is a trend. Airline groupings may consist of limited bilateral partnerships, long-term, multi-faceted alliances between carriers, equity arrangements, mergers, or takeovers. Since governments often restrict ownership and merger between companies in different countries, most consolidation takes place within a country. In the U.S., over 200 airlines have merged, been taken over, or gone out of business since deregulation in 1978. Many international airline managers are lobbying their governments to permit greater consolidation to achieve higher economy and efficiency.
By the early 1920s, small airlines were struggling to compete, and there was a movement towards increased rationalization and consolidation. In 1924, Imperial Airways was formed from the merger of Instone Air Line Company, British Marine Air Navigation, Daimler Airway and Handley Page Transport Co Ltd., to allow British airlines to compete with stiff competition from French and German airlines that were enjoying heavy government subsidies. The airline was a pioneer in surveying and opening up air routes across the world to serve far-flung parts of the British Empire and to enhance trade and integration.[14]
Naturally, there are some amazing coral reefs for snorkeling and diving and pristine beaches (my favorite is Whitehaven Beach). Upon arrival, you'll instantly see why this is one of the best tropical islands in the world — and why over half a million people visit a year. One of the most popular way to see the islands is via a multi-day sailing tour (which is what I did when I visited). It was an amazing experience — especially diving! Prices start around 450 AUD for multi-day sailing tours.


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EJC Dog Test Dummy Throwers Needed
We need a few more dummy throwers for the upcoming EJC dog test. If you would like to help out then please contact Paul Wheeler (his number is in the recent newsletters) or use the Contact Us form here.
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KAEF TV Eureka has an exciting opportunity for a Multimedia Journalist (MMJ). Your responsibilities as an MMJ will include reporting, shooting and editing news stories, digital content creation, enterprising story ideas, developing contacts, as well as other responsibilities as assigned.
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While applying online, please include a web link of your recent work.KAEF Attn: Nazy Javid, News Director 333 6th Street, Suite C, Eureka, CA 95501
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Sydney, Australia, May 22, 2018 (GLOBE NEWSWIRE) --
Heron Resources Limited (ASX:HRR, "Heron" or the "Company") is pleased to announce the award of two contracts relating to the provision of equipment supply and mining services for the reclamation of tailings for reprocessing at its wholly owned Woodlawn Zinc-Copper Project in New South Wales, Australia, which is currently under construction and due to commence commissioning at the end of 2018.
- Award of mining equipment supply, installation and commissioning contract to National Pump & Energy Pty Ltd
- Award of a specialist hydraulic mining services contract to Paragon Tailings Australia Pty Ltd
- The combination brings proven equipment supply and operational expertise to Woodlawn's tailings hydraulic mining operations
- The tailings Mineral Reserve of 9.5Mt at 6% ZnEq1 is to be reclaimed using efficient, low-cost hydraulic mining
The Woodlawn Project includes both reprocessing of 9.5Mt of historic tailings from the previous operations (1978 until 1998), in addition to the processing of fresh ore from underground mining.
1 Refer to the end of this release for the zinc equivalent (ZnEq) calculation and Mineral Reserves table describing the retreatment component of the Woodlawn Project.
Figure 1: Historic Tailings Dams at the Woodlawn Zinc-Copper Project
The key technical elements of Heron's tailings reprocessing operation include:
- Hydraulic mining reclamation;
- Fine grinding using an IsaMill™; and
- Sequential differential flotation of copper, lead and zinc to concentrates.
The mining reclamation rates for the tailings ore will be at a rate of 190tph using remote controlled water cannons, an efficient and cost effective mining method.
Heron has contracted with National Pump & Energy Pty Ltd (NPE), one of Australia's leading pumping equipment providers with prior experience in the supply of hydraulic mining equipment. NPE will provide a complete hydraulic mining equipment package consisting of; main and standby track mounted, remote controlled water monitors; water delivery pumps; slurry pumps; screens; and associated infrastructure including strategic spares and consumables.
Alongside NPE, Heron has awarded a specialist mining services contract to Paragon Tailings Australia Pty Ltd (Paragon) for the provision of process design, mining planning, construction supervision and support, operator training and personnel to support the tailings reclamation operations. Paragon is a company formed in 2016 which has a track record in hydraulic mining both internationally and within Australia, with the principals having more than 30 years of operational experience with this form of mining prior to establishing Paragon.
Figure 2: Paragon Hydraulic Mining operation in Democratic Republic of Congo
Commenting on the contracts Heron's Managing Director, Mr Wayne Taylor said: "Heron is pleased to have facilitated the combination of NPE and Paragon to provide an integrated solution for the supply of equipment and services for tailings mining at Woodlawn. These contract awards ensure that Heron's tailings mining operation will utilise an efficient equipment design with locally available support, operated and supervised by experienced and capable project partners who will also provide training for our own personnel."
About Heron Resources Limited:
Heron's primary focus is the development of its 100% owned, high grade Woodlawn Zinc-Copper Project located 250km southwest of Sydney, New South Wales, Australia.
Compliance Statement (JORC 2012 and NI43-101)
The technical information in this report is based on information reviewed by Mr. David von Perger, who is a Member of the Australian Institute of Mining and Metallurgy (Chartered Professional – Geology). Mr. von Perger is a full time employee of Heron Resources Limited and has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the "Australasian Code for Reporting of Exploration Results and "qualified person" as this term is defined in Canadian National Instrument 43-101 ("NI 43-101"). Mr. von Perger has approved the scientific and technical disclosure in the news release.
Mineral Resources and Reserves – Tailings
Refer to the announcement entitled "Heron delivers robust Feasibility Study for Woodlawn Project" and dated 29 June 2016 available from the ASX or the Company's web site for further disclosures relating to the Mineral Resources and Mineral Reserves quoted.
Zinc equivalent calculation
The zinc equivalent ZnEq calculation takes into account, mining costs, milling costs, recoveries, payability (including transport and refining charges) and metal prices in generating a Zinc equivalent value for Au, Ag, Cu, Pb and Zn. ZnEq = Zn%+Cu%*3.12+Pb%*0.81+*Au g/t*0.86+Ag g/t*0.03. Metal prices used in the calculation are: Zn US$2,300/t, Pb US$ 2,050/t, Cu US$6,600/t, Au US$1,250/oz and Ag US$18/oz. It is Heron's view that all the metals within this formula are expected to be recovered and sold. Metallurgical metal recoveries used for the formula are 88% Zn, 70% Pb, 70% Cu, 33% Au and 82% Ag; these are based on historical recoveries at Woodlawn and supported by metallurgical test work undertaken during the 2015-16 feasibility study.
For further information, please visit www.heronresources.com.au or contact: Australia: Mr Wayne Taylor Managing Director and Chief Executive Officer Tel: +61 2 9119 8111 or +61 8 6500 9200 Email: email@example.com Jon Snowball FTI Consulting +61 2 8298 6100 email@example.com


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An ESOP, or Employee Stock Ownership Plan, is a method for businesses to provide their employees shares of ownership. It can be achieved in many different ways: by giving employees stock options, by providing stock as a bonus, by enabling employees to buy it directly, or via gain sharing. There are now almost 7,000 ESOPs in the usa, where more than 14 million individuals participate.
This kind of stock ownership plan can serve a number of purposes. They can be utilised as a means to motivate employees, to make a market for the stocks of former owners, or to take advantage of government tax incentives for borrowing money to buy new assets. Only relatively rarely are they used to shore up troubled businesses. ESOPs typically constitute the provider's investment in its employees, not a purchase by employees.
Rules and Structure
To establish an ESOP, the business must establish a trust fund into which may be deposited cash to buy shares of stock or new stocks issued by the company. The fund may also borrow money to buy shares of stock, together with the company donating funds so the fund can pay back the loan.
Corporate contributions are usually tax-deductible, although current rules restrict deductions to 30 percent of earnings before interest, taxes, depreciation, and amortization (EBIDTA). For instances where the loan is large relative to EBIDTA, in other words, taxable income might be greater, except for S-corps which are entirely owned by an ESOP, which do not pay any taxes.
While typically all fulltime adult employees take part in the plan, shares are usually allocated to employee accounts based on relative pay. Typically, more senior level employees have greater access to the stocks in their account. This is known as"vesting." The ESOP rules require all workers to become 100% vested within 3-6 decades.
Upon leaving the company, an employee should receive fair market value for their shares. For public companies, workers must receive voting rights on all issues. Private companies may restrict voting rights to such big problems as relocating or closing. Private companies also have to have a yearly outside valuation to ascertain the value of their stocks.
ESOP Tax Benefits
There are lots of tax benefits that ESOPs provide firms. Contributions of inventory are tax-deductible, as are gifts of money. Companies can issue new shares of stock or treasury to the ESOP to create a current cash flow advantage, albeit diluting owners in the procedure. Or they can be given a deduction by contributing optional cash to the ESOP annually, either to purchase shares or develop a reserve.
Further, any contribution the company makes to repay a loan used by the ESOP to purchase shares is tax-deductible. Thus, all ESOP funding is in pretax dollars. In C corps, when the ESOP buys more than 1/3 of those stocks in the business, the business can reinvest the profits on the sale in other securities and defer tax.
S corps don't have to pay any income tax on the percentage owned by the ESOP. Dividends used to repay ESOP loans are tax-deductible, and employee contributions to the fund aren't taxed. Employee gains in the fund may be taxed, though at possibly favorable prices.
For all the benefits, however, there are a few drawbacks to the ESOP. ESOPs can't be legally utilized in professional partnerships or corporations. In S corps, they do not qualify for rollovers and have lower limits on donations. The share repurchasing mandated for private businesses when their workers leave is expensive, as is the cost of setting up an ESOP. Issuing new shares can dilute those of program participants, and the installation is only good at fostering employee performance if workers have a say in decisions affecting their work. All of these are factors to consider when determining if an ESOP is ideal for your firm.
Learn more at: https://www.delanceystreet.com/esop/


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Fabio Capello believes Matthijs de Ligt would've enjoyed a better start to his Juventus career had he played alongside Giorgio Chiellini.
De Ligt was signed from Ajax for €75m last summer, but has been scrutinised for several mistakes made during the opening months of his Juve career.
The defender was initially supposed to bide his time and be eased into the first team, however the injury to Chiellini after the first game of the season catapulted the Dutchman straight into the side, alongside Leonardo Bonucci.
"We need to give him time, but he has remarkable qualities. Perhaps in his first season in Serie A he would have needed to find Chiellini at his side. He would've helped him," Capello told the Gazzetta dello Sport.
The former Milan boss was full of praise for Max Allegri's replacement, Maurizio Sarri.
"The victory against Lokomotiv Moscow, against a side that is certainly not top-level, has shown that Sarri knows how to be practical. In recent months I have been impressed with his management because he did not want to impose his ideas at all costs, but he sought a compromise between his philosphy and the characteristics of his squad.
"If Allegri had have won like that in Moscow, he would've been criticised, however I say 'good for Sarri,' because he knows the importance of results."
Juve clinched qualification to the last 16 of the Champions League with the win against Lokomotiv, however Cristiano Ronaldo looked sluggish, and Capello doesn't believe he is in the best condition.
"In the box he remains the best in the world, but physically I don't see him as strong as a year ago, and this explains why Sarri took him off in Moscow. The management of a 34-year old is important."
Ronaldo has scored six goals in 13 appearances in all competitions so far this season.
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Villages by the occupied territory of Abkhazia
The project brings Internet access to the villages by the occupied territory of Abkhazia, home to hundreds of Abkhazian refugees
Guria is one of the poorest mountainous regions in Western Georgia, with one of the lowest GDPs per capita in Georgia. Guria is famous for tea plantations (developed in the Soviet era), and an outstanding sense of humor of the locals!
75 high school students (the city of Ozurgeti and the villages of Shroma, Kveda Bakhvi, Likhauri, Nasakirali, Tskhemliskhidi, Narudji, Ereketi, Buknari, Dablatsike, Sachamiaseri, Kvenobani, Kokhnari, Chaisubani) who have been deemed socially vulnerable by Social Services have been selected as our beneficiaries with the help of their local school districts.
They are now equipped with laptops, Internet access, and online courses. Our partner Airnet, a local Wifi operator, covered the end-user device installation costs while our online donors sponsor the monthly Internet fees.
After we distributed the laptops, our team organized fun, interactive training sessions for our beneficiaries from the Ozurgeti district on Media Literacy, Online Education and Financial Education. Through experiments, discussions and Q&A sessions, our beneficiaries learned how to tell apart fake news, save money, learn online and more.
We are fully transparent. Every penny we spend is detailed in our transparency reports. Take a peek at our cost breakdown.
The project brings Internet access to the villages by the occupied territory of Abkhazia, home to hundreds of Abkhazian refugees