Excess burden 

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De prijs van de overheid | www.cpb.nl
... overheid download (pdf document, 306.1 kb) cpb document pagina's isbn 9789058334107 de overlast ('excess burden') van belastingheffing is de prijs van maatschappelijke gelijkheid. belastingverstoringen worden echter gecompenseerd door herverdelingswinsten. bij ...
cpb.nl

Microsoft Word - DP CCCTB voorblad.doc
... of the revenues raised by corporate taxes. hence, corporate tax systems impose a sizeable excess burden via investment and financial distortions. 10 multinationals in maximising the value of the firm, ... are discounted one period. hence, loss consolidation in cortax will always reduce the tax burden of the multinational relative to loss carry forward. to illustrate the underlying mechanism, the ...
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ar2006.pdf
... their fiscal balances continued to improve. russia and several latin america countries decreased their debt burden with buy backs and imf re-payments. report ofthe managing board report ofthe managing board ... of 2006,while current account deficit is estimated to be at usd 32 billion,in excess of 8.7 percent of gdp. despite slower growth,following the substantial correction in interest ...
garantibank.nl

553001.04 Gar.Jaarversl.2004 BW
... only major currency that was allowed to float freely,it had to absorb the full burden,which in turn led to an overvaluation of the euro and to monetary tightening in ... .6 billion,in excess of 5 percent of gnp.however,the financing of this deficit did not pose difficulties due to increasing speculative inflows.turkey still carries a large burden of domestic ...
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Netherlands cf USA Cons BK Reform v2.doc
... debtors had to turn over to the gkb all income in excess of 94% of the legally prescribed social assistance minimum income-- ... more to their creditors--less than half oftheir average debt burden of about 11,000.65 after analyzing a number of ... 1992 study of the voluntary arrangement process had identified an average debt burden of about 8000, suggesting a significant rise in debt during the ...
www.wsnp.rvr.org

TEB NV Management Board Report 2011.pdf
... are stilt trying to build a firewall around greece to save the eurozone. debt burden and high unemployment became the main focus area for advanced economies; unemployment especially is ... exchange trading and marketable securities portfolio set by the supervisory board is controlled and any excess is reported by the risk management department. compliance with tenor and amount limitations defined ...
tebnv.nl

Aegon_AR_ENG_Cover
... this, allowing the association to more than halve its debt burden, and invest eur 2.1 billion in preferred aegon shares, ... acquisition costs exceed what has been priced in the product, the excess is directly expensed. if actual acquisition expenses are less than ... years, defaults were less than the pricing allowance. in addition, excess product spreads were achieved on in-force annuities for several ...
aegon.nl

Aegon_AR_Frontend.indd
... . aegon sets its return objectives relative to the risks of its markets and well in excess of the cost of capital. disciplined expense management, together with the divestiture of non-core ... the same basis as the next round of ifrs accounting to prevent an additional administrative burden for the insurance industry. given the importance of various regulatory developments for aegon and the ...
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