Local Rate

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Local Rate

A tax rate assessed by a local government, as opposed to the national or regional government. There may be limits on how high the local rate is permitted to be. Local taxes are used to pay for municipal functions such as schools, police and roads.
References in classic literature ?
Thanks to this Gascon toilet, I could hope that the lady would not take me for the local rate collector; but now when my thoughts travel back to that episode of my youth, I sometimes laugh at my own expense.
The spike in local rates will track the sharp movement in global bullion prices, which has now hit a five-year high after the US Federal Reserve indicated on Wednesday the possibility of an imminent rate cut.
Contrary to change in local rates by the association, a BIPLS Research report claimed that international gold prices slipped on Tuesday to their lowest in more than three weeks as waning concerns about a global economic slowdown lifted equities to multi-month highs, denting the precious metal's safe-haven appeal.
The degree of pass-through from US dollar to local rates is uncertain, but emerging-market banking systems that stand to be affected by higher local rates and that have thin buffers include China and Vietnam.
That's according to Hong Kong's biggest lender HSBC Holdings Plc, which says a key measure - the aggregate balance maintained by commercial banks - would need to plunge by US$10 billion (RM40 billion) for local rates to show any substantial gains.
Due to Cubics collection of agreements with Tier 1 Mobile Network Operators worldwide, users can connect to local networks, and enjoy local rates. MAXROAM customers automatically connect to these local network partners as they travel, and inevitably enjoy faster, more reliable data speeds and competitive local rates for voice, text and data services.
The remainder is sold on long-term contracts, to Alcoa and Puget Sound Energy, and on the wholesale market with revenues used to help keep local rates low.
Vodafone Passport Pack customers can now roam in 45 countries for charges as low as local rates, it was announced yesterday.
The rates of Indian stuff are cheaper against the local rates which would push down the demand for the local cotton he added.
We provide a brief update on our CBR views with a focus on the implications for local rates. Generally, we believe that these domestic policy factors will help maintain some downward pressure on local rates.
Local rates are: Middlesbrough 7,621 (8.1%); Stockton 7,320 (5.8%); Redcar 5,854 (6.8%); Hartlepool 4,671 (8%) and Darlington 3,770 (5.9%).
The equipment, which was apparently banned in the UAE, had been installed in a house in Sharjah, and was being used to make international calls at local rates.
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