After all, breaking the joint liability presumption is tough and often requires going to court.
Breaking that joint liability presumption is hard and often requires the expense of going to court.
They need to assume some form of joint liability for debts, with only the well-behaved benefiting from the shelter of Eurobonds.
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But there is no strategy on the bigger question of how and how far euro-zone countries should go towards joint liability for some debts.
"A joint liability for others' debts is not acceptable, " she said.
This instrument must involve some joint liability for government debts.
In 1995 the Private Securities Litigation Reform Act substituted proportionate liability for joint and several liability as the standard for damages.
She later learned of a 1999 joint tax liability that remained unpaid.
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The IRS no longer requires that an application for innocent spouse relief be filed within two years after it first acts to collect the joint tax liability in question.
German savings banks and mutual banks are used to the idea of mutualised guarantees: they have formed joint-liability groupings, which vouch for the solvency of each bank in their group.
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According to the Gibson update, not only does the Amnesty program release cooperating applicants from potential criminal liability, it prevents civil plaintiffs from recovering treble damages and protects civil defendants from joint and several liability.
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Starting with the informal summit this week, it is time for the next step down the long and winding road to joint and several liability of eurozone debt.
Given the hazard of joint and several liability and the fact that filing jointly is an irrevocable election, I really think the default assumption should be separate filing.
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Indeed, the Australian government said last year that it would replace the principle of joint and several liability for auditors with that of proportionate liability, and also allow auditors to incorporate.
Joint and several liability means that each spouse is liable for up to the full amount of the liability, though the IRS cannot collect more than the full amount of the liability.
The joint and several liability cannot be undone, except through an innocent spouse proceeding, which we know from this and many other cases is anything but a piece of cake for the taxpayer.
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Joint and several liability is the problem.
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It creates joint and several liability.
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Internal Revenue Code Section 6015 provides relief from liability on a joint tax return under certain circumstances.
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Summed up, for a divorcing spouse with little or no taxable income for the tax year, signing a joint tax return may pose considerable liability risk with no appreciable benefit.
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And so, in the case of Tomi Baumann , the Secretary, in an exercise of discretion, relieved Tomi of a portion of the liability resulting from a joint return she filed with Stanley for 1998.
As is usual in civil investigations, Shell has admitted no liability while agreeing to the joint fine.
Khalid and his four brothers inherited NCB upon their father's death in 1994, and a 21% stake was sold to a group of private investors when the bank morphed from an unlimited liability private partnership into a joint stock company.
Internal Revenue Code Section 6015(f) provides that where a requesting spouse does not qualify for relief under Section 6015(b), the IRS may nonetheless relieve her of liability for the tax deficiency on the joint tax return where it is inequitable to hold her liable for the tax.
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Friends and advisors say the vice president views Clinton as more of a liability than an asset, and plans no joint campaign appearances during the final two weeks of his White House bid.
Terry could not file at all, or, as I would advise, file a 0 liability married filing separate return to forestall Robin from arguing that Terry consented to a joint return without signing it.
For these and other reasons (for example, sunk investment, concerns about legal liability for failure to honor contractual commitments, fears of mismanagement by Chinese partners currently running joint enterprises without benefit of the supervision of the involved Western companies, etc.), many businessmen in the United States and elsewhere are currently considering a speedy return to China.
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