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Sterling (ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. [3] The pound is the main unit of sterling, [4] [c] and the word pound is also used to refer to the British currency generally, [7] often qualified in international contexts as the British pound or the pound sterling. [4]
In the fiscal year 1949–50, Pakistan recorded a national savings rate of 2%, a foreign savings rate of 2%, and an investment rate of 4%. Manufacturing contributed 7.8% to the GDP, while services, trade, and other sectors accounted for a significant 39%, reflecting a policy centered around import-substituting industrialization .
62% (This consists of 40% income tax on the GBP 100k–125k band, an effective 20% due to the phase-out of the personal allowance, and 2% employee National Insurance). The marginal rate then drops to 47% for income above GBP 125k (45% income tax plus 2% employee National Insurance) [241] [242] 20% (standard rate) 5% (home energy and renovations)
General; Tax avoidance. Repatriation tax avoidance; Tax evasion; Tax resistance; Tax shelter; Debtors' prison; Smuggling; Black market; Unreported employment; Corporate
The Treasury depended heavily on American money, especially the 1946 loan of $3.75 billion at a low 2% interest rate. [49] Even more helpful was the gift of $2.694 billion in Marshall Plan funds in 1948-1951. Canada also provided gifts and $1.25 billion in loans.
In the framework of American federalism, states generally have wide latitude to enact policies within their borders, including state taxation and labor laws.Among the factors that may increase inequality in a state are regressive state tax policies [2] (taxation has played a growing role in diminishing inequality since the 1980s), [3] tax incentives for large companies, [4] corruption, [5 ...
The 1 and 2 salueng were replaced by 25 and 50 satang coins in 1915. In 1937, holed, bronze 1 ⁄ 2 satang were issued. In 1941, a series of silver coins was introduced in denominations of 5, 10, and 20 satang, due to a shortage of nickel caused by World War II .
In 2023, Scotland's gross domestic product (GDP), including offshore oil and gas, was estimated at £218.0 billion. [320] In 2021, Scottish exports in goods and services (excluding intra-UK trade) were estimated to be £50.1 billion. [321] Scotland's primary goods exports are mineral fuels, machinery and transport, and beverages and tobacco. [322]