"What are also needed are favorable policies like tax deductions or exemptions," she adds.
No one doubts that America's corporate-tax system is a Byzantine mess of high statutory rates and oodles of exemptions.
In a number of areas, such as broadcasting rights, Congress has written exemptions to antitrust law to protect such collaboration.
That the government had to hew to the IMF’s diktats and slash tariffs across the board gave industries little scope to jockey for exemptions.
The exemptions for interpretive rules, policy statements, and procedural rules have just been discussed.
In order to qualify for the tax exemptions, manufacturers must meet a variety of criteria.
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