| Issue: | Sub-Issue1 | Sub-Issue2 | Sub-Issue3 | | week of unemployment | co-adventure |
Summary: Is co-adventurer by reason of 60% ownership of shares of agricultural company. He was person who invested funds and provided for other financial needs. |
| Issue: | Sub-Issue1 | Sub-Issue2 | Sub-Issue3 | | week of unemployment | corporate veil |
Summary: Held 60% of shares, wife held rest. Co-adventurer. Under Regs. 43 and 57 can pierce corporate veil and eliminate technicalities of corporate law that makes a company a separate legal person from its shareholders. |
| Issue: | Sub-Issue1 | Sub-Issue2 | Sub-Issue3 | | earnings | income | in kind |
Summary: Cites Reg. 57(11). As owner of 60% of shares, he had benefit of dividends, salary, bonus or increase in his company's own assets through accumulation of undistributed profits. |
| Issue: | Sub-Issue1 | Sub-Issue2 | Sub-Issue3 | | earnings | farming | definition |
Summary: Raising chickens and producing eggs is farming operation according to Office du crédit agricole. Can look to definition in Reg. 16(2)(g) even though for other purposes. Farming takes in more than clearing land. |
| Issue: | Sub-Issue1 | Sub-Issue2 | Sub-Issue3 | | earnings | farming | calculation of income |
Summary: Formula adopted is not to calculate net income of farming operation, but to impose lump sum formula fixing income at 35% of gross income. |
