| The corporate income tax for joint-stock companies will be nearly halved from its present level of 40 percent to 25 percent. |
| The centrepiece of the reforms is the introduction of a flat income tax rate of 20 percent and the dismantling of social services. |
| Government hopes that federal income tax rebates could kick-start the US economy appear to have been left unfulfilled. |
| Since the ratepayer is also a taxpayer, much of that grant will have come out of his own income tax. |
| When the corporate plan was terminated after four years, Plotkin paid tax on the unpaid loan balance with his income tax return. |
| This article exempts dividends received or accrued to any taxpayer from income tax liability. |
