3. Members of the consular post who employ persons whose wages or salaries are not exempt from income tax in the receiving State shall observe the obligations which the laws and regulations of that State impose upon employers concerning the levying of income tax.

So long as marginal personal income and capital gains tax rates are much lower, absolutely and relative to ordinary income taxes, in the U.S. than is the case in Canada, resources labour, financial and investment will flow to the United States, draining Canada of important productive resources for its economic future and for maximizing the standard of living for its populace.

The Commission has assessed the measure under EU State aid rules to ensure that it does not unduly favour diamond traders over other businesses, which are subject to the normal income tax regime in Belgium.

State aid: Commission authorises alternative income tax regime for wholesale diamond sector in Belgium // Brussels, 29 July 2016

Where a company of a Member State, or a permanent establishment situated in that Member State of a company of a Member State, receives interest or royalties from an associated company of Greece or Portugal, or receives royalties from an associated company of Spain, or receives interest or royalties from a permanent establishment situated in Greece or Portugal of an associated company of a Member State, or receives royalties from a permanent establishment situated in Spain of an associated company of a Member State, the first Member State will allow an amount equal to the tax paid in Greece, Spain or Portugal on that income as a deduction ...[+++] from the tax on the income of the company or permanent establishment which received that income.

The following measures and reforms in Member States are of particular importance with a view to risk capital activities. Germany has reduced its corporate (in stages until 2005) and income tax rates and will eliminate taxation of sales of shares by corporations as from 2002. France has also reduced its corporate and income tax and increased tax benefits granted to reinvesting business angels. Italy has granted favourable tax treatment to closed-end investment funds. Spain has granted tax incentives to registered venture capital investors.