But if you reduce the statutory rate
to 25 percent or some number that's globally competitive in a territorial system, then the incentive to move offshore disappears.
We believe the following major factors explain the deviation of actual returns on RAB from the statutory rates
Given that marginal tax rates are estimated at levels often significantly below the statutory rate
, firms should consider their own tax situation in gauging the real cost of a switch from LIFO.
A statutory rate
cut would therefore reduce retailers' effective tax rates, which we estimate at an average of 35% over the past five years.
In addition, the effective tax rate paid by large corporations is well below the existing statutory rate
TWICE as many workers are being paid the national minimum wage than when the statutory rate
was introduced in 1999, research shows.
I am daring to suggest that Government regulation should insist that, whenever a child is seriously injured on the roads regardless of who is to blame, substantial compensation at a statutory rate
should be a legal obligation against which every motorist must be insured.
65 an hour - less than half the statutory rate
for adults - was cited as a "major deterrent.
85, well above the statutory rate
for the national minimum wage.
The Government is planning a fresh crackdown on bosses who fail to pay the national minimum wage, ministers announced today as the latest increase in the statutory rate
came into effect.
Employers who fail to pay the statutory rate
, currently pounds 5.
Union leaders have called for the minimum wage to be increased to pounds 6 an hour by 2008 and say more should be done to force employers to pay the statutory rate