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Under the present fiscal schene, the corporation that makes the most money...pays the highest taxes.
At present fiscal policy is generally seen as less effective than monetary policy in steering the economy.
Lord Sassoon, a government minister, has said that the corporation tax levied from banks in the present fiscal year is expected to amount to £4 billion.
Indeed, although its present fiscal position appears at least as good as that of the rest of Britain, its longer-term prospects are poor.
Those in the print media have come to see their present fiscal woes as not merely cyclical but structural, and so their slashed workforce and diminished output seem unlikely to rebound any time soon.
The present fiscal dilemma is likely to promote an overdue debate about the dimensions of our global engagement and the amounts we are willing to spend defending it, and that's good.
Similar(44)
"We've got to think outside the present fiscal-cliff-debt-ceiling box," Mr. Jackson said in an interview on Wednesday.
Schroeder presents fiscal issues clearly and Buffett's personal story perspicaciously in what Janet Maslin in The Times called a "definitive portrait".
For the present fiscal year, Congress appropriated only $155 million, and none of it for the states.
Congress liked the plan and opened its pocketbook: $1.7 billion in new money in 2001 and $1.2 billion for the present fiscal year.
When the present fiscal year ends in June, it should be around 83percentt, according to projections from the mayor's office.
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