Sentence examples for statutory rates from inspiring English sources

No one doubts that America's corporate-tax system is a Byzantine mess of high statutory rates and oodles of exemptions.

Pandora does not negotiate its royalty rates directly with record labels but instead uses statutory rates set by a panel of federal judges.

"The statutory rates result in a real and immediate threat that these litigants will be, and are being, denied their constitutional rights to the meaningful and effective assistance of counsel and due process of law," Justice Suarez wrote.

"It's an incredibly important case because it is the first case where a judge has declared the statutory rates unconstitutional," said Zachary S. McGee, a lawyer with the firm of Davis, Polk & Wardwell.

This means that even if statutory rates are simultaneously reduced, there may not be any reduction in effective marginal tax rates, depending on what deductions are restricted or eliminated and how it is done.

"Statutory rates in the U.S. are significantly higher than the average for industrialized countries (even as revenue collection is low), and our method of taxing foreign income is outside the norm," said the commission's report issued in December.

Taxed at the statutory rate of 22%, 2014 profits would have generated about £232,000 for HMRC.

The statutory rate is linked to the 30-year Treasury bond.

The highest statutory rate, 39.6percentt, applies to incomes of more than $288,350.

It includes a notoriously high statutory rate that causes companies to devote resources to avoiding taxes.

We certainly don't apply any rate of tax other than the statutory rate that parliament has published".