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A reduced tax rate on capital gains reflects that.
In such cases, the chief executive will pay a reduced tax bill or sometimes no tax at all.
A one-time tax holiday enacted by Congress in 2004 offered companies the chance to bring that money back at a reduced tax rate of 5.25percentt.
Mr. Chirac had said reduction in the tax would dampen inflation and put restaurants on par with the fast-food industry, which had benefited from a reduced tax rate for years.
The suit says Jonathan Blattmachr told the Benensons that because of a reduced tax rate on life insurance premiums in Alaska they would benefit from using Alaska Trust, but that they received no financial benefit.
He also exploited a growing uncertainty over the economy by calling for a middle-class tax cut (he promised that 95% of working Americans would see a reduced tax bill) and universal health care for all Americans to be achieved without a government takeover of the system.
Similar(41)
The program differs from a one-time tax holiday created in 2004 that allowed American corporations to bring back to the United States profits held in overseas subsidiaries at a greatly reduced tax rate.
The company, whose brands include Scotch, Post-it, Scotchgard, Thinsulate and Scotch-Brite, said the reinvestment falls under the provisions of the American Jobs Creation Act, which was passed by Congress last year and allows companies to repatriate earnings from overseas operations at a greatly reduced tax rate.
It included the preservation of the Bush-era rates at all income levels, the new payroll tax cut for most workers, a continuation of reduced tax rates on dividends and capital gains, and a reinstatement of the federal estate tax but with an exemption for most families.
It is required spending at a time of reduced tax revenues from individuals and companies at the state level.
Take the parishes: one in Cambridgeshire reports that as a result of a reduced council tax base its precept (local tax) will reduce by £19,524.
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