References in periodicals archive
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In terms of welfare, we observed that asymmetric wage indexation could be superior or inferior to an equivalent symmetric wage indexation or the absence thereof.
But many gains will still be taxed at 18% going forward, with the gains themselves potentially higher as a result of the abolition of indexation allowance.
But, at the same time, people can also benefit from indexation relief, which enables them to take the impact of inflation into account up to 1998, while taper relief reduces the amount of tax paid according to how long people have held their investment.
In this context, if the degree of nominal wage indexation (or the wage contract length) is endogenous, the optimal monetary policy and the optimal degree of wage inertia are determined jointly through the strategic interactions between monetary authorities and private sector.
According to preliminary estimates, EUR 41.6 million will needed this year for indexation of pensions and benefits, while in 2020 - around EUR 166 million.
For distilled spirits, the joint DOF-DOH proposal was to raise the ad valorem tax to 25 percent next year from 20 percent at present, while also jacking up the specific tax per proof liter from P23.4 currently to P40 next year, P45 in 2021, P50 in 2022, P55 in 2023, and 10-percent indexation each year thereafter starting 2024.
The policy funding ratios of 53 pension funds are above 104.2% but below the 110% threshold required for full or partial indexation. Together, they are responsible for roughly 20% of all pension rights.
Mr Chattha told the committee that the 1994 Power Policy offered an upfront tariff of 6.5cents per unit with 13pc internal rate of return (IRR) along with dollar indexation and sovereign guarantee and about 6,030MW generation capacity was materialised.
In January, Egyptian authorities agreed with the IMF to implement several reform measures, including the implementation of a fuel price indexation mechanism for all fuel products in June, except octane petrol 95 (a decree was already issued in December 2018), liquefied petroleum gas (LPG), and fuel oil used in bakeries and for electricity generation.
The resolution, however, also provided that the suspension of the indexation to the current base pay scale for MUPs would be lifted come January 1, 2019, or if a pension reform law is already implemented.
The Power Division presented its Internal Audit Report on quarterly Indexation by NEPRA.
The report found that NEPRA had used high exchange rates during determination of quarterly indexation.
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