Translation of "Report de bénéfices " (French → English) :

7. Acknowledges from the Foundation that Title II carry-overs were mainly due to the procurement of IT hardware and software, urgent and unexpected repair works and refurbishment works already contracted and planned for the beginning of 2014, and that Title III carry-overs resulted mainly from multiannual projects for which activities were already implemented, as well as from unplanned carry-overs such as increased budget for several projects with enhanced scope and quality, translation services ordered at year end and late invoicing by contractors;

3. Notwithstanding the provisions of paragraph 2, subparagraph (a), as long as according to the laws of Iceland dividends paid by a company which is a resident of Iceland may be deducted from the taxable profits or may be carried forward as an operating loss of such company for income tax purposes, dividends paid by such company to a resident of Canada may also be taxed in Iceland and according to the laws of Iceland, but if the beneficial owner of the dividends is a resident of Canada, the tax so charged shall not exceed 15 per cent, on such part of the dividends which is deductible from the company’s taxable profits or can be carried f ...[+++]orward as an operating loss of the company.

In its decision of 10 June 1998 (IP/98/521) concerning financial aid granted by Germany to the coal industry in 1997, the Commission deferred its decision, on the one hand, on an amount of operating aid under Article 3 of decision 3632/93/ECSC totalling 65 million marks for "Preussag Anthrazit GmbH" and, on the other hand, on an amount of aid for a reduction in activity under Article 4 of decision 3632/93/ECSC totalling 12 million marks for "Sophia Jacoba GmbH", amounting to an overall total of 77 million marks.

Mr. René Canuel (Matapédia-Matane, BQ) moved: Motion No. 10 That Bill C-23, in Clause 44, be amended by (a) replacing lines 21 to 23 on page 27 with the following: ``44 (1) The Commission may, with the approval of the Governor in Council and subject to subsections (1.1) and (1.2), make regulations''; and (b) adding after line 25 on page 30 the following: ``(1.1) In making a regulation under subsection (1), the Commission shall have regard to the principle that persons subject to the regulation should not be required to bear costs that are unreasonable in comparison with the anticipated benefits (1.2) The Commission shall make no regulat ...[+++]ion under subsection (1) that, in its opinion, will require persons subject to the regulation to bear costs that are unreasonable in comparison with the anticipated benefits'.

Seven of them, namely the low small business tax rate-over $2 billion; the low tax rate on manufacturing and processing profits-another $353 million; R and D tax credits-$543 million; the partial inclusion of capital gains-$415 million; the surplus between the capital cost allowance and book depreciation-$886 million; the Part I tax refund on investment income of private corporations-$876 million; and non-capital loss carry-over-nearly $1.3 billion; all these made up, in 1991, 71 per cent of all the tax expenditures associated with taxes on corporate profits, for a total of $6.4 billion.

This figure was arrived at as follows: - 140m pounds , applying a price/earnings ratio of 5:1 to Rover Group's 1987 profits of 27.9m pounds; - 33-40m pounds, representing the benefit to BAe of RG's accumulated tax losses and allowances; - 33.5m pounds , representing the alternative use value of RG sites surplus to the requirements of their main business.