1974), aff'g 58TC 417 (1972), the IRS took the position that loam were separate transactions, not open account
In response to the Tax Court's decision in Brooks, in 2007 the IRS issued proposed regulations modifying the definition of open account
In addition, practitioners need to be aware of a potential change in the definition of open account
A statement for the Central Bank of Iraq cited that: "The Board of Directors, in its meeting yesterday, decided to let money transfer companies to open accounts
in the Bank directly deal with both / Iraqi dinar and dollar / to carry out the purchase of foreign currency.
The accused had the power to open accounts
without getting the branch operation manager's approval.
Currently, Iran can only open accounts
in state owned UCO Bank, and these are restricted to oil-related transactions.
For instance, at present, although offshore banking units (OBU) can undertake renminbi-related businesses, domestic legal entities and individuals cannot open accounts
New website allows users to open accounts
through a simple online application process Alinma Bank has relaunched its website with what it claims are a range of enhancements that leverage the latest internet banking technologies "in order to provide bank partners (clients) with a streamlined user experience.
Osama Osman, a professor of finance and economy at King Fahd University of Petroleum and Minerals, said the banks would increase their financial reserves when they open accounts
for the Hafiz beneficiaries to receive their monthly payments.
Among the findings of the report are the increase in open accounts
since HSAs were introduced in 2004, the average age of HSA policyholders, and the nature of the open accounts
It is reported that the worst case took place in the southern state of Andhra Pradesh, where some 90,000 Muslim students were unable to open accounts
to deposit scholarship cheques given to them by the government.
Pedram Soltani, a member of the Tehran Chamber of Commerce, said, "Some local Emirati banks open accounts
for these [Iranian] firms but they seriously control them and recently froze the assets in these accounts under the pretext of suspicious transactions.