The government had imposed 4 per cent supertax
in the Finance Act 2015-16 for the period of one year but was later extended for another year.
When France's socialist president Francois Hollande tried a 75 per cent supertax
on millionaires, Gerard Depardieu left the country and footballers threatened to go on strike.
Example 4: Assume the same facts as Example 3 and that C used SuperTax
software to prepare the return.
Slapping down members' demands for mine nationalisation, the seizure of white-owned farms and a supertax
on business, party leaders railroaded through a distinctly pro-business message.
Hollande is pressing ahead too with plans to impose a 75% supertax
on income over 1 million euros.
Australian corporations have exploited concerns about economic recession by claiming, as they did for Rudd's proposed supertax
on mining, that they will leave the country if the C[O.
Tanzania's Finance Minister Mustafa Mkulo is contemplating imposing a supertax
on profits in furtherance of its five-year development plan, as the country looks to increase tax revenues from 15% to 19% of GDP.
BAILED-OUT bankers will KEEP their bumper bonuses despite the new supertax
, experts revealed yesterday.
Bankers have been hit with a 50 per cent supertax
on bonuses over pounds 25,000, which isn't half the punishment they deserve for the misery they've caused.
Income tax and death duties were both raised and a new supertax
at sixpence in the pound levied on the amount by which incomes above 5,000 [pounds sterling] a year (equivalent to more than 350,000 [pounds sterling] today) exceeded 3,000 [pounds sterling].
Apart from paying ordinary tax, like all companies do, we pay a supertax
of pounds 200 million a year extra, just for being ITV.