'deducting' is a correct and usable word in written English.
You can use it to mean the process of taking away a value from a total amount. For example, "The accountant was carefully deducting both taxes and expenses from the company's yearly profits."
Currently this money is repaid by deducting money from benefits payments, but there is no system to reclaim money from ex-claimants who have found work and are therefore no longer claiming benefits.
McNulty giving a fuck when it's not his turn: perhaps we should start deducting points here.
Using a similar approach of deducting short-term debts from reserves, Mr Anderson reckons India's net position has deteriorated.
In many continental European countries, the result is a massive tax wedge between what the firm pays to hire a worker and the value of the worker's take-home pay (after deducting income and social-security taxes and VAT).
Deducting them instead from the pot of bankers' future pay would punish those responsible instead.Mark Carney, governor of the Bank of England and chairman of the Financial Stability Board, a global group of regulators, went on to describe the idea as "worthy of investigation as a potentially elegant solution", a ringing endorsement for a central banker.
Firms charge the tax on their sales, as before, but when they hand over the proceeds to the taxman, they can claim an "input credit", deducting the VAT they have themselves paid on their supplies.
Deducting investment income and the increase in the value of non-dollar reserves as the dollar has fallen still leaves an unexplained residual of $214 billion, equivalent to over $500 billion at an annual rate.
Tim Geithner, the treasury secretary, promised to recoup the money by deducting some of it from the next $30 billion tranche of aid for the company.This is unlikely to assuage critics.
As a result, hedge funds that promise high returns (especially after deducting their substantial fees) need to take outsized bets to deliver.Ever-innovative financiers have given hedge funds new tools to double up their bets.
In the meantime the Channel Islands and the Isle of Man, like the foot-draggers, are deducting withholding tax from EU-resident savers anonymously, and answering specific requests for information.The Cayman Islands, for its part, went for automatic exchange of information from the beginning, after assurances that this would not affect its hedge funds.
After deducting interest on the national debt and saving money by repealing Obamacare, Mr Romney would have to cut all other spending, a category that includes Medicaid, food stamps, welfare, ex-servicemen's benefits, civilian and military retirement benefits, farm subsidies, research, policing and parks, to 3% of GDP by 2022, half the figure it is now heading for.
