excess margin

surplus employee [ redundant employee | redundant worker ]

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net profit ratio | net income ratio | net income to sales ratio | net margin | net margin percentage | net margin ratio | net profit margin | net profit percentage | operating margin | operating profit margin | operating profit to sales ratio | profit margin | return on sales | ROS

gross margin | gross profit

surplus of allowable catch | surplus of the allowable catch | surplus resources | surplus stock

production surplus [ surplus production | Surpluses(ECLAS) ]

Where a Member State still does not meet its annual obligation in any year, taking into account the use of flexibilities, the shortfall is multiplied by a factor of 1.08 and added to the following year's obligation.

Questions addressed to the tax administration mainly focused on excess profit rulings and whether the Belgian tax authority informs other tax authorities of the benefits that are not taxed in Belgium, the possible room for manoeuvre of the tax ruling office, the concept of economic substance, countries that are listed as tax havens by Belgium, and on the capacity of the tax ruling office to defend its position when confronted with very detailed studies on transfer pricing.

Requirement of a close to balance or in surplus position || Country specific MTO in structural terms: - Provide a safety margin with respect to the 3% deficit limit - Ensure rapid progress towards sustainability - Allow room for budgetary manoeuvre For euro area and ERMII MS: limits of -1% of GDP Expenditure benchmark: expenditure net of discretionary measures should grow ≤ medium-term potential GDP || 0.5% GDP as a benchmark: - More in good times - Less in bad times >0.5% if debt above 60% or if pronounced sustainability risks Temporary deviation from the adjustment path allowed if: - Implementation of major structural reforms with a ve ...[+++]rifiable impact on the long-term sustainability of public finances – emphasis on pension reform - Unusual event outside the control of the MS concerned with a major impact on its financial position - Severe economic downturn for the euro area or the EU as a whole provided this does not endanger medium term fiscal sustainability || Procedure for correcting significant deviation (0.5% in one year or cumulatively over 2 years from the MTO or the adjustment path it) For euro area: financial sanctions in case of repeated non-compliance (interest-bearing deposit of 0.2% of GDP)

24. Notes that recent wage developments in ‘surplus’ countries are contributing to sustaining demand and are also having positive spill-over effects elsewhere in the EU; welcomes the Commission’s statement that ‘surplus’ countries with sufficient fiscal space have a role to playin overcoming the current crisis, including by reducing taxes and social security contributions and by developing wages in order to boost sustainable domestic demand, taking into account international competitiveness; the ‘surplus’ countries could also promote new growth-friendly investment opportunities by means of their purchasing power, especially through inv ...[+++]estment in education, research and development, energy and infrastructure, modernise their health care and pension systems, and open up their services sector; stresses the importance of the positive spill-over effects which these actions will have across the EU, particularly if they are implemented by the largest economies within the Union;