By contrast, a similar tax rule to exempt employer payments for health insurance would reduce national saving by causing employees to substitute health insurance for large personal cash accumulations.

Tax incentives or subsidies for efficient equipment

For example, the organizations are required to pay duty and value added tax when they purchase communication equipment.

reserves and fund balances as at 31 December 1997 ..... 107

The 40 billion a year of higher economic activity would, however, generate roughly 10 billion a year in additional tax revenue. Using some of it to pay the real interest on the debt and saving the rest would mean that when the bill comes due, the tax financed reserves generated by the healthier economy would be more than enough to pay off the additional national debt.

10.2 (c) (i) A statement of income and expenditure and changes in reserves and fund balances

10.2(c)(i) A statement of income and expenditure and changes in reserves and fund balances

2. Operational reserve and annual surpluses of income over expenditure

income, expenditure, reserves and fund balances for the biennium 1996 1997 ending 31 December 1997 . 110

Taxes, revenues, uncollectible taxes and tax credits

office statement of income and expenditure and

The international reserves of Russia include foreign exchange reserves, gold reserves as well as the reserve positions and special drawing rights (SDRs) in the International Monetary Fund (IMF).

The Millennium Project report highlighted the problems of sub Saharan Africa and the poverty trap that is, low tax returns, low saving rates and the like.

Upon request, the Committee was informed that rather than linking the level of the reserve to a percentage of total budget or income, UNDCP apos s reserve requirements were calculated on the basis of the financial implications of eventualities which the reserve is expected to cover.

1. Taxation and customs

quot Operational reserve quot replaced quot financial reserve quot .

Statement I. Statement of income and expenditure and changes in reserves and fund balances

of income and expenditure and changes in reserves and fund balances for the biennium 1996 1997 ending

There are no income, estate or capital gains taxes.

In addition, the national savings rate increased despite the dissaving in the public sector created by the decrease in tax revenue.

Everybody has come up to me and said, well I'll stockpile water or, I'll stockpile food, or what have you.

The tax system should be reformed by increasing reliance on income progressive taxes, restructuring the property tax and introducing reasonably progressive taxes.

The distortionary effects of a wealth levy would also be exacerbated by concerns that the temporary levy would not be a one off tax. After all, most temporary taxes come for lunch and stay for dinner.

Reserves

Another way of attracting foreign investment may consist in providing special tax regimes for private investors, such as exemption from corporate tax or other taxes, exemption from income tax for foreign personnel required to staff the project, exemption from real estate tax, tax concession on royalties, import duties.

Tax revenue

Exemption from import and export duties and taxes in respect of particular belongings right to transfer earnings and savings from the State of employment to the State of origin or any other State imposition of taxes and avoidance of double taxation principle.

The Chinese government recently modified the tax law to exclude employers contributions to employee pension plans from taxable income and to allow the funds in those plans to accumulate tax free. This tax favored employee saving plan is a good substitute for more comprehensive social security pensions, but it has had the undesirable effect of increasing household saving, rather than increasing consumer spending.

Finally, Abe s government must reduce the corporate tax rate to align it more closely with international standards. Amid increasingly intense international competition to attract foreign investment, reducing the corporate tax would actually increase Japan s tax revenues, by spurring companies to invest their vast cash stockpiles in more productive activities.

The 1996 accumulated unspent income of 10,755,362 was transferred to the operational reserve for a new total of 17,555,362 at the end of the current biennium.

There is no income tax, and customs duties account for about 35 per cent of government revenues other significant revenue sources are company fees, land and stamp taxes, employment tax, a hospital levy, vehicle licence fees and taxes on hotel occupancy, passenger departures and cigarette sales.

(d) The establishment of an operational reserve is described, replacing the previous proposals for a financial reserve and a programme reserve (new rule 9.2).

Reserve Reform

Cash reserve

C. Reserve fund

(d) Reserve fund 600,000

(i) Operating and other types of reserves are included in the totals for quot Reserves and fund balances quot shown in the financial statements

For the first time since Dayton, new revenue distribution arrangements (customs revenues and most excise and sales tax revenues) have been launched.

Revenue from businesses and entry taxes

funds statement of income and expenditure and changes in reserves and fund balances for the biennium 1996 1997 ending 31 December 1997 and statement of

Collection and grants Allocated non fiscal revenue

(c) Provision of technical assistance, maintenance, repairs and warehousing of communications, electronic data processing and office equipment which is arriving, departing or held currently in the United Nations reserve stock and start up kits.

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.

USB Storage Devices

Strategic reserve