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Basing depreciation on historical cost rather than on probable replacement cost and on arbitrary rules rather than on actual use has been practiced to establish definite tax liability and to standardize audits of accounts; in times of shifting price levels, however, such bases for measuring depreciation have proved especially imperfect.
But, based on the public comments and interviews with people involved — who insisted on anonymity because of the sensitivity of the subject — a few essentials are clear: One of the administration's central claims to reporters was that Ms. Kennedy had, in the words of a person close to the governor, "a definite tax issue" and "a nanny problem" that "she didn't want to become public".
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"A set of definite and permanent tax cuts look to have been matched by more unspecified spending cuts, some changes in the timing of tax receipts, and our old friend tax avoidance measures," said Johnson.
"A set of definite and permanent tax cuts look to have been matched by more unspecified spending cuts, some changes in the timing of tax receipts, and our old friend tax avoidance measures," he said.
"A set of definite and permanent tax cuts look to have been matched by more unspecified spending cuts, some changes in the timing of tax receipts, and our old friend tax avoidance measures," said Paul Johnson, the IFS's director.
Not definitive, just definite.
Until President Bush's epic change in rates to 15%, there was a definite symmetry of the top income tax rate and the tax rate on dividends.
The Tories' only definite commitment was to cut inheritance tax for the richest, with the biggest group of beneficiaries in Kensington and Chelsea, including Notting Hill, Brown said.
Senator Lisa Murkowski, Republican of Alaska, missed Thursday's child tax credit vote, a definite no-no for a freshman lawmaker who faces accusations of nepotism for having been appointed to her seat by her father.
Bibs with cute sayings on them like "Grandma's Joy" or "Tax Deduction" are a definite must.
The government has said nothing definite, but a higher goods and services tax that pays for personal and company tax cuts seems likely.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com