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Under the proposal, nonresident Germans and Britons with Swiss bank accounts would pay a flat, one-time tax, expected to be around 20 percent, on retained income, including dividend and coupon payments, interest rate income and capital gains from assets held in Switzerland.
One option to achieve this would be a higher tax on retained earnings.
Our chart shows maximum tax rates, which apply to most big firms, on retained earnings.
Even arch-liberals of the Reform party could not resist the gimmick of proposing to abolish tax on retained profits.
One way to do this would be to impose an aggressive tax on retained earnings that are not reinvested within two years.
The hope was that the early years of operation would earn enough profit that the line might be improved on retained earnings and that success for the sponsoring port would come from increased trade at its docks and from the extension of the line to tap a wider hinterland.
Similar(26)
ZANU-PF insisted on retaining Pres.
Spain and Poland insisted on retaining the expanded rights.
In other words, McLaren hold an option on retaining him.
Iran insists on retaining some refining capacity of its own.
Interred with it is much of the conventional wisdom on retaining and motivating the American worker.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com