The minister of land, infrastructure and transportation commented about it that the government will examine whether it should be a new
public corporation with its units partitioned or a wholly government-sponsored special company, and it may become first a new type of
public corporation, and then may become a special corporation in the next stage while making efforts for operational efficiency.
If they could solve the money problem it wouldn't matter whether they adopted a
public corporation model or maintained the simple "state agency" arrangement they have now.
The
public corporation reform originated in an effort to revamp the zaito fiscal investment and loans program.
Q - Why do the bills simultaneously seek to set up a
public corporation to handle postal services and allow private firms to enter the same field?
The only group that appears alarmed so far is his fellow pols and bureaucrats, who are stunned by proposals to trim pork-barrel spending, streamline services, and privatize the country's wildly inefficient
public corporations, the government-supported companies that handle the business generated by public policy--building bridges, digging for oil, and so forth.
Hershey, on the other hand, is a
public corporation, but often acts as if it isn't.
First, when Trust2 became a non-resident it did not have to pay any departure tax because its only asset was its indirect interest in the
public corporation shares held by Trust1 which were deemed to be taxable Canadian property and therefore exempt from capital gains tax.
A first possible additional case relates to a
public corporation bearing losses but with the substantial participation of private shareholders (including newcomers) in the capital injection.
Japan Post is a
public corporation launched in April to take over three state-run postal services -- mail delivery, ''kampo'' life insurance and savings.
Banks had previously extended loans without collateral to the
public corporation, which is wholly owned by the prefectural government, in view of its creditworthy status and huge deals between the banks and the prefectural government.
The government's Administrative Reform Promotion Office on Thursday endorsed a
public corporation reform implementation plan that will allow private firms to take part in government inspection projects, along with a reform outline for the
public corporation system for fiscal 2002.
