There are no income, estate or capital gains taxes.

Income, capital gains or losses and any associated expenses will be credited or debited to the Revolving Credit Fund as received.

America s tax system has surprisingly little redistributional punch. Using a measure of comprehensive income money income, total capital gains on wealth, imputed rent on owner occupied housing, non cash government benefits, and public consumption income taxes are generally progressive.

Other income consists of 1.498 million exchange rate gains and 1.928 million interest income.

11. Any cash balances in the Revolving Credit Fund would be invested and the income and capital gains or losses added to or substracted from the Fund.

d Including exchange rate gains or losses, interest income, various adjustments to income, and other sources.

Obama would raise the top marginal tax rates on wages, capital gains, dividends, interest, and estates, especially on higher income individuals and small businesses. Yet he has never proposed comprehensive reform of either the personal or corporate income tax.

According to a 1996 national household income and expenditure survey, the proportion of households below the poverty line has declined substantially since the early 1990s. However, income gains and economic activity have been concentrated in Maputo, the country s capital.

Other income consists mainly of interest income, gains losses as a result of exchange rate movements and other miscellaneous items.

(5) researching and drafting the systems on the distribution of state owned capital gains and the operation budget of state owned capital

Income earned from these gains could be reinvested in local development with appropriate policies.

Realized exchange gains and losses are charged to miscellaneous income and operating expense accounts, accordingly.

Federal income taxes as a proportion of income increase steadily from 2 at the 10th percentile (that is, a family ranked tenth from the bottom out of 100) to 14 at the 90th percentile, but then falls off slightly to 13 at the very top, reflecting the favorable treatment of capital gains and investment income under the Bush administration s income tax laws.

Free trade in textiles could generate income gains in developing countries of 24 billion a year, export revenue gains of 40 billion and 27 million jobs.

That method includes actual income received from dividends and interest, as well as realized capital gains and losses, and takes into account changes in the market value of the investments and the timing of cash flow.

10. The average rate of return on interest income was around 5 per cent. Other income was mainly composed of exchange gains or losses.

Table 2. Net private capital flows to low and middle income

A recent study found that taxing capital gains and dividends as ordinary income, subject to a maximum 28 rate on long term capital gains (the pre 1997 rate), could finance a cut in the corporate tax rate from 35 to 26 . Such a change would reduce corporations incentives to move investments abroad or shift profits to low tax jurisdictions, while increasing the progressivity of tax outcomes by shifting more of the burden of corporate taxation from labor to capital owners.

The funding gap for the regular budget would have been 12.1 million if the exchange rate gains and the interest income were excluded from the total income.

6.4 Income derived from investments of the Working Capital Fund in accordance with regulation 9.1 shall be credited to miscellaneous income.

Developing countries' alleged gains from capital market liberalization have been widely discussed (although recent studies raise some doubts about these benefits). Nevertheless, the global gains from allowing freer flows of unskilled labor (even temporarily), let alone the benefits to developing countries, far outweigh the benefits from capital market liberalization.

By contrast, in 1980, when there was no war but the stock market was low, US voters elected Ronald Reagan, a man many thought too right wing to be president. He asked for and got cuts in capital gains, dividend, and income taxes.

The burden of payroll taxes, together with overweening labor market regulation, stifles entrepreneurship. If Hollande s tax hikes on income (including a temporary 75 tax rate for the country s wealthiest households), dividends, capital gains, and capital assets are not enough to deter entrepreneurs, the cost of hiring workers and the difficulty of firing them remain powerful disincentives.

(vii) Miscellaneous income includes sale of used or surplus property, refunds of expenditures charged to prior periods, income resulting from net gains in currency transactions, monies accepted for which no purpose was specified and other sundry income

Unrealized exchange gains are not recorded as income, but set aside in accounts payable on the grounds of prudence until realized at which point they would be treated as income.

The remaining 8.8 million (2 per cent of total income) came from miscellaneous sources such as NGOs and exchange rate gains.

They successfully develop a circulative capital to create more jobs and income in the community.

Table 2. Net private capital flows to low and middle income countries by country group

d Capital borrowed from other income generation subprogrammes in the West Bank and Gaza Strip.

Given that low income economies typically have little fixed capital (computers, factories, infrastructure) and human capital (education and training) per worker, they tend to have higher potential returns to capital investment. That means they can grow more rapidly than wealthier economies, until their per capita income catches up.

(vii) Miscellaneous income includes income from rental of premises, sale of used or surplus property, refunds of expenditures charged to prior periods, income resulting from net gains resulting from currency translations, settlements of insurance claims, monies accepted for which no purpose was specified and other sundry income

(viii) Miscellaneous income includes income from rental of premises, sale of used or surplus property, refunds of expenditures charged to prior periods, income resulting from net gains resulting from currency translations, settlements of insurance claims, monies accepted for which no purpose was specified and other sundry income

(xi) Miscellaneous income includes income from rental of premises, sale of used or surplus property, refunds of expenditures charged to prior periods, income resulting from net gains resulting from currency translations, settlements of insurance claims, monies accepted for which no purpose was specified and other sundry income.

They also considered that the adjustment was technically incorrect, as it mixed income and capital concepts.

That activity generated income amounting to 32,000, in addition to interest on capital amounting to 5,522.

One key idea was to lighten the tax burden on labor . Taking into account the personal income tax and various social contributions, taxation of labor income in China is too high . To be sure, taxes are needed to finance social spending, but revenue sources other than taxes on labor income could do the job. China could usefully explore shifting part of the burden from labor toward property, capital gains, and inheritance taxes.

Excessive state spending, heavy regulation, and dangerously high taxes have helped create the state s economic woes. The top personal income tax rate (also levied on capital gains), the sales tax rate, the corporate tax rate, and the gas tax are all at or near the highest of any state.

While education for both boys and girls leads to increased income for individuals and for nations, the education of girls leads to greater gains.

Continued application of strict financial controls and exchange rate gains contributed to the end of year excess of income over expenditure of 9.7 million.

This leads to a clear increase in efficiency and provides overall income gains. Even if losers were fully compensated, the sum of the gains shared by the firm, its mostly part time workers, and its customers would far outweigh the losses.

Statement of assets, liabilities, Working Capital Fund and excess of income over expenditures as at 31 December 2003

Deductions to capital accumulation pension funds amount to 10 of the monthly income for both women and men.

9. The main business of the Government is the management and distribution of federal income and capital subsidies.

By using existing local enterprises, the investor can benefit from local knowledge and contacts while the local partner gains from access to capital, technology and training.

Refunds of expenditures charged to prior financial periods, net gains on exchange and proceeds from the sale of surplus property, are credited to miscellaneous income.