Monday, April 2, 2012

Human sacrifices suspected along Mexico border

It was a family people took pity on, one the government and church helped with free food, used clothes, and farm animals. The men were known as trash pickers. Some of the women were suspected of prostitution.

Mexican prosecutors are investigating the poor family living in shacks outside a small town near the U.S. border as alleged members of a cult that sacrificed two 10-year-old boys and a 55-year-old woman to Santa Muerte, or Saint Death, a figure adored mostly by outlaws but whose popularity is growing across Mexico and among Hispanics in the United States.

The killings have shocked the copper mining village of Nacozari, on the edge of the Sierra Madre, and may be the first ritual sacrifices linked to the popular saint condemned by the Roman Catholic Church.

Authorities say the throats and the wrists of the victims were cut with knives and axes, and their blood was spread on a Santa Muerte altar. Their bodies were then buried near the shacks where the alleged cult members lived.

"We never knew they were part of a Santa Muerte cult," said Jorge Sanchez Castillo, a 54-year-old hotel owner who has a corn field next to the house of the woman believed to lead the group. "This has been tragic for all of us."

Nacozari has been spared the grisly violence of drug cartels fighting for lucrative corridors along the U.S.-Mexico border, said police chief Jose Miguel Espinoza.

"It was a peaceful town. We'd never seen such violence," he said.

When a 10-year-old boy went missing in July 2010, his mother and her boyfriend told police that acquaintances had seen him begging in the streets of nearby Agua Prieta across the border from Douglas, Arizona, and that they would go find him, said Espinoza.

"We had no reason to suspect it was a homicide," he said.

A second 10-year-old boy went missing in early March, prompting Sonora state's missing persons unit to send agents to Nacozari, said the police chief. That boy's mother and her boyfriend reported it to state authorities, who discovered weeks later that the two boys knew people in common.

The missing boy Martin Rios was the son of the ex-girlfriend of a man named Eduardo Sanchez. The second boy, Jesus Martinez, was the step-grandson of Eduardo Sanchez's new girlfriend Silvia Meraz.

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The police chief said both boys would often visit Meraz's home in a poor neighborhood on the outskirts of the town of 11,500.

Espinoza said his officers suspected the house was being used for prostitution after seeing different men from out of town visiting, but never gathered enough evidence to arrest anyone.

Agents on Wednesday unearthed the body of the boy Jesus Martinez buried in the dirt floor in the bedroom of one of the Meraz daughters. They then began arresting family members, who led them to what agents believe are the remains of the other boy, as well as the grave of 55-year-old Cleotilde Romero, a close friend of Meraz who disappeared in 2009.

Jose Larrinaga, spokesman for the Sonora Attorney General's Office, said the 44-year-old Meraz, who police suspect was the cult leader, and seven people related to her, were detained pending further investigation: her boyfriend Eduardo Sanchez, father, son, three daughters and a daughter-in-law. No formal charges have been filed pending further investigation.

"They thought that by offering the blood, they would be protected for some time," Larrinaga said. "According to them, Santa Muerte was going to tell them where the money was. They all identify themselves as fanatic followers of Santa Muerte."

R. Andrew Chesnut, chairman of Catholic studies at Virginia Commonwealth University and author of the book "Devoted to Death: Santa Muerte, the Skeleton Saint," said there have only been unconfirmed reports of human sacrifices related to the figure in Mexico in recent years.

Chesnut said the 2007 shooting deaths of three men appeared to be related to Santa Muerte because the bodies were abandoned at a shrine to the figure outside the border city of Nuevo Laredo. But they showed no signs of being sacrificial killings.

He said that although most Santa Muerte devotees consider killing a "Satanic aberration of devotion," and that books about the Santa Muerte don't mention human sacrifice, some followers are extreme.

"With no clerical authority to stop them, some practitioners engage in aberrant and even abhorrent rituals," Chesnut said.

Police paraded the eight people arrested in the case of the cult killings into the prosecutor's offices in the state capital of Hermosillo on Friday to allow journalists to view and question them, a typical practice in Mexico.

Meraz told reporters she has believed in Santa Muerte for more than two years.

"Santa Muerte was going to offer us money," Meraz said.

Asked if she thought she had received anything, she answered with a profanity, her voice breaking: "What can she give you? Nothing."

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Sunday, April 1, 2012

Selling Your Business ? Deal Structure and Taxes | Finance ...

The purpose of this article

is to demons trate the importance of the tax impact in the sale of your business. As an M & A intermediary and member of the IBBA, International Business Brokers Association, we recognize our responsibility to recommend that our clients use attorneys and tax accountants for independent advice on transactions.

As a general rule, buyers of businesses have already completed several transactions. They have a process and are surrounded by a team of experienced mergers and acquisitions professionals. Sellers on the other hand, sell a business only one time. Their ?team? Consists of their outside counsel who does general business law and their accountant who does their books and tax filings. It is important to note that the seller?s team may have little or no experience in a business sale transaction. Another general rule is that a deal structure that favors a buyer from the tax perspective normally is detrimental to the seller?s tax situation and vice versa. For example, in allocating the purchase price in the sale of asset, the buyer wants the fastest write-off possible. From a tax standpoint he would want to allocate as much of the transaction value to a consulting contract for the seller and equipment with a short depreciation period. A consulting contract is taxed to the seller as earned income, generated rally the highest possible tax rate. The difference between the depreciated tax basis of equipment and the amount of the purchase price allocated is taxed to the seller at the seller?s ordinary income tax rate. This is the second highest gene rally tax rate (no FICA due on this vs.. Earned income). The seller would prefer to have more of the purchase price allocated to goodwill, personal goodwill, and going concern value. The seller would be taxed at the individual capital gains rates more for luxurious for gains in these categories. An individual that was in the 40% income tax bracket would pay capital gains at a rate of 20%. Rating:. Bracket on asset sale of a business will normally put a seller into the highest income tax

The buyer?s write-off period for goodwill, personal goodwill, and going concern value is fifteen years. This is far less desirable than the one or two years of expense ?write-off? for a consulting agreement sale.

Another very important issue for tax purposes is Whether the sale is a stock sale or asset at. Buyers prefer asset sales generated rally and sellers gene rally prefer stock sales. In an asset sale the buyer gets to take a step-up in basis for machinery and equipment. Let?s say that the seller?s depreciated value for the machinery and equipment were $ 600,000. FMV and purchase price allocation were $ Million 1.25. Under a stock sale the buyer inherits the historical depreciation structure for write-off. In an asset sale the buyer Establishes the $ 1.25 million (stepped up value) as his basis for depreciation and gets the advantage of bigger write-offs for tax purposes. The seller prefers a stock sale because the entire gain is taxed at the more for luxurious long-term capital gains rate. For an asset sale a portion of the gains will be taxed at the less income tax rates for luxurious. In the example above, the seller?s tax liability for the machinery and equipment Gain on asset sale would be in 40% of the $ 625,000 gain or $ 250,000. In a stock sale the tax liability for the same gain associated with the machinery and equipment is 20% of $ 625,000, or $ 125,000. The shape of the seller?s organization, for example C Corp, S Corp, or LLC are important to consider in a business sale. In a C Corp vs. to S Corp and LLC, the gains are subject to double taxation. Rate in a C Corp sale the gain from the sale of assets is taxed at the corporate income tax. The remaining proceeds are distributed to the shareholders and the difference between the liquidation proceeds and the stockholder stock basis are taxed at the individual?s long-term capital gains rate. The gains have been taxed twice reducing the individual?s after- tax proceeds. 1: tax consideration checklist ? To S Corp or LLC sale results in gains being taxed only once using the tax profile of the individual stockholder

Selling your business. Get good tax and legal counsel when you Establish the initial form of your business ? C Corp, S Corp, or LLC, etc.

2 If you Establish a C Corp, retain ownership of all appreciating assets outside of the corporation (land and buildings, patents, trademarks, franchise rights). Note: a C Corp sale in there, are no long-term capital gains tax rates only income tax rates. Long-term capital gains can only offset long-term capital losses. Personal assets sales can have for luxurious long-term capital gains treatment and you avoid double taxation for these assets with big gains.

3rd Look first at the economics of the sales transaction and secondly at the tax structure. 4th Make sure your professional support team has deal making experience. 5th Before you take your business to the market, work with your professionals to understand your tax characteristics and how various deal structures will impact the after-tax sale proceeds

6th Before you complete your sales transaction work with a financial planning or tax planning professional to deter mine if there are strategies you can employ to defer or eliminate the payment of taxes.

7th Recognize that as a general rule your desire to ?cash out? and receive all proceeds from your sale immediately will increase your tax liability. 8th Get your professionals involved early and keep them involved in analyzing various bids to deter mine your best offer. Again, the purpose of this article was not to offer you tax advice (which I am not qualified to do). It was to alert you to the huge potential impact that the deal structure and taxes can have on the economics of your sales transaction and the importance of involving the right legal and tax professionals. id=?article-resource?> Dave Kauppi is the editor of The Exit Strategist Newsletter, a Merger and Acquisition Advisor and Managing Partner of MidMarket Capital , Providing business broker and investment banking services to owners of middle market companies. The firm counsels clients in the areas of M & A and divestiture, succession planning family business, valuations, ?Smart Equity Capital Raises?, business sales and business acquisition. Dave graduated from The Wharton School of Business, holds a Series 63 and is a registered business broker. Visit our Web site to review our lists of buyers and sellers. Learn about maximizing your selling price, Minimizing taxes, negotiating tactics, letters of intent, how to select an advisor, and much more. The Exit Strategist

http://EzineArticles.com/?expert=Dave_Kauppi

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Oral vitamin D supplements reduced levels of Ki67 in prostate cancer cells

ScienceDaily (Mar. 31, 2012) ? Higher oral doses of plain vitamin D raised levels of calcitriol in prostate tissue. Higher prostate levels of calcitriol, a hormone made from vitamin D, corresponded with lower levels of the proliferation marker Ki67 and increased levels of cancer growth-inhibitory microRNAs in prostate cancer cells, according to data presented at the AACR Annual Meeting 2012, held here March 31 -- April 4.

The results not only point to the mechanisms by which vitamin D affects the rate of prostate cancer growth, but also indicate that vitamin D may slow the growth of prostate cancer cells -- a key finding given that the role of vitamin D in prostate cancer has been "controversial, with some suggesting that higher levels of vitamin D should be avoided," said Reinhold Vieth, Ph.D., professor at the University of Toronto in Toronto, Ontario, Canada.

"This study shows calcitriol makes the foot come off the gas pedal of cancer growth. We are not able to prove that the speed of the car has slowed down, but it certainly is a good sign," said Vieth. "We expect that this early-phase clinical trial will open the door for more detailed clinical research into the usefulness of vitamin D in the treatment or prevention of prostate cancer."

Vieth and colleagues previously reported that in men who were being monitored regularly for prostate cancer, higher vitamin D levels slowed the rate of rise in prostate-specific antigen levels. They randomly assigned 66 men scheduled for radical prostatectomy to daily vitamin D in doses of 400, 10,000 or 40,000 IU for three to eight weeks before surgery.

Researchers found that calcitriol levels in the prostate increased progressively with each daily dose of vitamin D, with 40,000 IU showing the highest levels. These higher levels of calcitriol corresponded with lower prostate levels of Ki67, a protein that indicates prostate cancer cell growth, as well as higher levels of specific growth-inhibitory microRNAs.

Vieth stressed that he and his colleagues do not advocate vitamin D supplementation in doses higher than 4,000 IU daily. Patients were assigned to the 40,000 IU daily dose because of the short presurgical time frame available for study, not as a regular regimen.

"Plain vitamin D provides the raw material to permit the body to take care of its own needs," he said. "We showed here that plain vitamin D allows the prostate to regulate its own level of calcitriol, and at the doses we used, for the time frame we used, it has been safe with the hoped-for desirable outcomes."

The next step in this line of research will be to conduct a phase III clinical trial in which men who are being monitored for prostate cancer progression will be randomly assigned to placebo or to a "high" dose of plain vitamin D.

This research was funded by the Canadian Cancer Society and was a collaboration between investigators at University Health Network, Sunnybrook Hospital and Mount Sinai Hospital, all in Toronto, and at the University of Chicago.

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The above story is reprinted from materials provided by American Association for Cancer Research (AACR), via Newswise.

Note: Materials may be edited for content and length. For further information, please contact the source cited above.


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Disclaimer: This article is not intended to provide medical advice, diagnosis or treatment. Views expressed here do not necessarily reflect those of ScienceDaily or its staff.

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