Preferential tariff rates offered under the GSP reduce the incidence of MFN peak tariffs for developing countries, in particular for LDCs, which enjoy special treatment (often in the form of duty free access) provided, of course, the products affected by peak tariffs are covered under the GSP.

After 1977, the Government withdrew these concessions, in order to generate more funds.

Why Give Corporations a Tax Break?

This tax credit replaces the family benefits program, the non refundable tax credit for dependent children and the tax reduction for families.

As regards industrial products, major developing country suppliers increasingly lose GSP cover for quot peak tariff quot products as a result of country product and full country graduations.

The host Government may grant some form of tax and customs exemption, reduction or benefit to the project company (e.g. to facilitate the import of equipment for the use of the project company by means of exemption of customs duties), or may establish some preferential tax treatment.

The Park would be governed by a special legal regime, with tax exemption and other preferential treatment for participants.

None, however, apply preferential treatment in the form of a percentage based margin of preference.

25. Emphasizes the importance of addressing the concerns of a number of developing countries in respect of the erosion of preferences and the impact of liberalization on their tariff revenues

6.6 Acknowledging the potential contribution of the elimination of subsidies and other economic incentives, including tax incentives to reduction of greenhouse gas emissions in Annex I countries. (Venezuela, Iran, Saudi Arabia and the United Arab Emirates)3.

With regard to NAMA, the Group continued to be preoccupied with the formula, treatment of unbound tariffs, preference erosion and flexibilities.

Other key issues include the treatment of unbound tariffs, ad valorem equivalents, flexibilities for developing countries, participation in sectoral negotiations and trade preferences.

Japan has MFN, preferential and temporary tariffs on fresh and processed vegetables.

In cases where GSP and tariff quotas apply, exports may only benefit from GSP treatment to the extent that they can be accommodated within tariff quotas.

The preferential treatment covers about 75 per cent of bilateral trade turnaround between the two countries.

314. Single mothers raising their children alone are entitled to preferential treatment.

The EU Council of Ministers recently decided to extend the preferential tariff treatment under the Lomé Convention to the other least developed countries by the year 2000.

Most favoured nation treatment

The ATO analyses financial transaction report information to ensure that entities linked to known terrorists or known terrorist organizations are not endorsed for tax concessions or as deductible gift recipients.

Policy options include tax incentives, R D funds, economic development agencies, incentives for networking and joint ventures.

(c) Other incentives include training of local employees dedicated infrastructure certain subsidized services market preferences and preferential treatment on foreign exchange.

Consideration of the decline in preferential treatment should not stand in the way of trade liberalization within WTO.

As a result of the undertaking made by the head of the Political Department, the United Nations has been granted the benefit of the most favoured organization clause' and was thus authorized to demand the most favourable treatment that may be granted to another organization .

1720 Urgency and safeguard duties

Such preferential treatment obliterates the objectivity and neutrality required from the judicial process.

Special and differential treatment was key to avoiding possible negative shocks, they added.

The LDCs, Caribbean countries and NAFTA members have preferential or zero tariff access to the United States fish markets.

In Indonesia, a service visa was introduced to permit volunteers from outside the country to receive tax and customs benefits.

The existence of preferential customs barriers.

(a) The tax payable in respect of the conveyance and mortgage of, or release of mortgage on, the dwelling from which they benefit

Debt relief should be treated as a source of financing for development, and the low income countries, in particular the least developed countries, must receive preferential treatment.

Certainly, the tax incentives provided to mining TNCs carry an immediate opportunity cost in terms of lost government revenues.

Mongolia welcomed the decision by the European Union to accord duty free access to over 7,200 items imported from small and vulnerable economies, including Mongolia, under GSP treatment.

Another issue is the notion of preferential treatment for developing countries and, perhaps, economies in transition.

Japan s GSP exempts most LDC exports from virtually all industrial peak tariffs as well as tariff quota limitations.

Unlike the PWA program, the Work Premium is a tax credit and is accessible through filing of an annual income tax return.

Indeed, cutting these items to pay for a reduction in the corporate tax rate could end up increasing the tax on corporate economic activity in the US. Eliminating accelerated depreciation for equipment would raise the effective tax rate on new investments repealing the domestic production deduction would increase the effective tax rate on US manufacturing and rescinding the R amp D tax credit would reduce investment in innovation.

Indeed, cutting these items to pay for a reduction in the corporate tax rate could end up increasing the tax on corporate economic activity in the US. Eliminating accelerated depreciation for equipment would raise the effective tax rate on new investments repealing the domestic production deduction would increase the effective tax rate on US manufacturing and rescinding the R D tax credit would reduce investment in innovation.

Federal income taxes as a proportion of income increase steadily from 2 at the 10th percentile (that is, a family ranked tenth from the bottom out of 100) to 14 at the 90th percentile, but then falls off slightly to 13 at the very top, reflecting the favorable treatment of capital gains and investment income under the Bush administration s income tax laws.

China has decided to grant zero tariff treatment to some commodities from 39 least developed countries, which will cover the majority of China's imports from those countries.

4.How have the standards of fair and equitable treatment, most favoured nation treatment and national treatment been applied under BITs?

Developing countries that have been enjoying non reciprocal preferential market access have called for adequately addressing the erosion of preferences arising from the most favoured nation tariff reduction.

First, China will accord zero tariff treatment to some products from all 39 least developed countries having diplomatic relations with China, covering most of their exports to China.

Acknowledging the potential contribution of the elimination of subsidies, and other economic incentives, including tax incentives, to reduction of greenhouse gas emissions in Annex I countries, and therefore highest priority should be given to those policies in implementing their commitments .

Despite various preferential trade arrangements with its main trading partners, Africa's external trade continues to be hindered by a host of non tariff barriers and excessive market entry requirements that nullify the market access granted under preferential tariff regimes.