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March 7, 1994 | From Times Staff and Wire Reports
Corporate, Individual Tax Rates Cut: In a surprise move, the government cut the tax rates for the fiscal year beginning April 1, as it projected a budget surplus and steadily mounting cash reserves. With government revenue swollen by soaring property prices and booming stock trading, Financial Secretary Hamish Macleod said in his annual budget speech last week that the corporate tax rate would fall to 16.5% from 17.5%, while the top marginal individual tax rate would drop to 20% from 25%.
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BUSINESS
March 7, 1994 | From Times Staff and Wire Reports
Corporate, Individual Tax Rates Cut: In a surprise move, the government cut the tax rates for the fiscal year beginning April 1, as it projected a budget surplus and steadily mounting cash reserves. With government revenue swollen by soaring property prices and booming stock trading, Financial Secretary Hamish Macleod said in his annual budget speech last week that the corporate tax rate would fall to 16.5% from 17.5%, while the top marginal individual tax rate would drop to 20% from 25%.
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BUSINESS
February 23, 1986 | JEFF ROWE
Few enterprises, it would seem, are more timeless than the ancient art of sailmaking. But the industry that once thrived in Southern California, and in Orange County in particular, is undergoing perhaps its period of greatest change since the development of the triangular sail made the galley slave and his oar obsolete. "It's very cutthroat out there, an ugly scene," said Joan Woodbury, part owner of Baxter & Cicero Sailmakers Inc. in Newport Beach.
NEWS
March 15, 1994 | CHARLES P. WALLACE, TIMES STAFF WRITER
First, a short geography quiz: You may have heard of Grand Cayman, Malta and even Guernsey. But can you find Nauru, Vanuatu and Labuan? And what do they all have in common? Yes, they are all fairly remote islands. But all six also are up-and-coming IOFCs, an acronym in the banking industry for international offshore financial centers. They may epitomize the term backwater, but they are attracting billions of dollars in investments and deposits.
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