Traduction de «facteur fiscal approprié » (Français → Anglais) :

is the amount by which the corporation’s relevant tax factor (within the meaning assigned by subsection 95(1) of the Act), for the corporation’s taxation year that includes that time, exceeds one, and

Basing the assessment on section E.3.2 of the Environmental aid guidelines is appropriate since the rules in that section take into account economic factors, in particular the risk of a loss of international competitiveness due to the absence of tax harmonisation and even allow for full exemptions for certain firms provided they enter into an agreement with the Member State concerned to improve their environmental performance.

9. Recalls that the Stability and Growth Pact is an essential element of the euro area's credibility and that attainment of a balanced fiscal position is a prerequisite for the full functioning of automatic stabilisers; recalls also that the correct policy mix between monetary and fiscal policy presupposes sound public finances, and that allowing national budgets to "breathe" in connection with the pace of economic activity is fully understandable as long as the budget is balanced over an entire economic cycle; calls on Member States which have not yet reached a balanced fiscal position to avoid any dramatic drift in their current budg ...[+++]etary position;