(a) Fiscal incentives reduce the tax burden for a foreign investor.

High unemployment countries include high tax Germany, France, and Italy, but also low tax Japan and Spain. Low unemployment nations include low tax Britain and the US, but also very high tax Denmark and Sweden.

The Government and Parliament must finally decide to substantially lessen the tax burden.

Capital tax differences among countries would induce capital to flow from the high tax to the low tax economies.

The Government has drawn up draft laws on reducing the tax burden on the labour remuneration fund, introducing a single land tax, tax stimulation for small businesses and restructuring the debts of industrial enterprises.

In addition, automatic reporting enables tax administrations to implement programmes that may benefit taxpayers by reducing their compliance burden.

Xinhua News Agency, Beijing, October 1 (reported by Liu Hongxia Ma Rui) The electronic commerce retail export enterprises received another benefits in the aspect of tax burden on October 1st, concerning value added tax and consumption tax exemption, etc.

These results, however, will be insufficient to meet the intermediate indicative tax burden target of 10.4 per cent set for 1998.

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.

At the same time, it has also greatly reduced the production and import links value added tax burden of anti cancer drugs.

But a rate cut would be costly in terms of foregone revenues each percentage point would reduce corporate tax revenues by about 100 billion over the next decade. Moreover, recent studies indicate that a significant share of the corporate tax burden falls on capital, so a reduction in corporate taxes would weaken the progressivity of the tax system at a time when income inequality is at an all time high.

Unfortunately, the debt burden constituted a considerable impediment in efforts to achieve high growth rates.

In both Argentina and Brazil, the debt burden has been fairly high during 1996 1997.

When the prerequisites for the tax allowance for children are met, maintenance payments may no longer be taken into account as an exceptional burden .

A related issue is burden sharing among high and upper middle income countries contributions remain inequitable.

53. High interest rates further worsened the debt servicing burden for many small island developing countries.

Amended legislation on maternity, adoptive leave, parental leave, equality, the introduction of tax individualization and reductions in the tax burden on work, the development of a childcare infrastructure and women's educational achievements had all brought about that increase.

Tax. Full tax. English tax.

22. The budget for 1997 98 announced an external, high level review of Bermuda s tax structure.

Third, the high level of debt burden of many LDCs had greatly affected their export diversification efforts.

According to projections by the Mission and international financial agencies, the net tax burden by the end of the year will be below 9.5 per cent.

This means that it will need to overhaul its state owned firms and the financial sector so that resources can flow to the most productive investment projects. Lowering the tax burden on firms including the payroll tax would also be useful.

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.

The debt stock and its servicing burden remained exceptionally high for the least developed countries, particularly in Africa.

The Russian Federation has taken several major steps to improve tax collection, including the termination of non cash arrangements for clearing arrears and actions against large, high profile tax debtors.

Such investment is often undertaken with a view to minimizing the overall tax burden of a company and may also be undertaken to hedge against currency movements.

There are also middle income, high debt developing countries that need a reprieve from the debt burden they face.

Some other members, however, considered that these proposals constituted unacceptable burden shifting from high income to low income countries.

Income tax (under the Tax

According to conventional wisdom, the corporate tax burden is borne principally by the owners of capital in the form of lower returns. But, as capital becomes more mobile, relatively immobile workers are bearing more of the burden in the form of lower wages and fewer job opportunities.

In many countries, there is considerable scope for domestic resource mobilization. Broadening the tax base, improving tax administration, and closing gaps in the value added tax could make a significant difference in lower income countries, where tax revenues account for only about 10 14 of GDP, compared to 20 30 of GDP in high income countries.

Likewise, while limiting the deductibility of net interest for corporations, as many other developed countries have done, would broaden the tax base and discourage excessive reliance on debt financing, it would increase the tax burden on major investments in physical capital, which are often debt financed.

Sarkozy s proposed cure is to boost growth by reducing the tax burden on employers, while simultaneously hiking the rate of value added tax. His main opponent, Socialist leader François Hollande, would impose higher taxes mainly on the wealthy and the financial sector, but also on big business.

Moreover, the high cost involved in mine clearance only places an extra burden on the fragile economies of the countries primarily infested.

Unemployment has risen to a record 11.2 , with 35 of young people jobless. And the tax burden, which has exceeded 40 of GDP since 1990, now stands at almost 43 of GDP.

The only tax you've paid is whiskey tax.

6. The debt burden of least developed countries, particularly those in Africa, remains exceptionally high and is a serious constraint to their development.

The primary protection against poverty is earned income for which even France s generous unemployment benefits and other welfare payments are an inadequate substitute. Much of the high tax burden required to finance them falls on companies in the form of payroll taxes (employers social security contributions), which further deter companies from taking on more staff.

Previous positions include Director, International Tax Relations, Tax Policy Department Director, Tax Department, Italian Banking Association and Economic Adviser to the Minister of Finance for international tax policy and financial tax issues.

America s gravest fiscal problem is the short and medium run deficit between tax revenues and spending. This deficit is entirely of Bush s own creation, having enacted and now seeking to extend tax cuts that are not cuts at all, because they merely shift the burden of fiscal consolidation onto future generations.

Hollande s predecessor, Nicolas Sarkozy, tried to address this problem. He exempted voluntary overtime pay from employment tax and shifted some of the burden of labor taxation onto consumption (via a hike in VAT).

And, in much of the West, states adhere to models of welfare provision that increasingly disappoint their citizens and are often unaffordable. A global reordering of economic growth is punishing the developed countries high cost, high tax, high benefits governance model.

Tax

Tax.

That no bearer of burden shall bear the burden of another