Along with the scarcity of bond insurance, that could make life even harder for smaller borrowers whose principal appeal was their tax-exempt status.
随着债券保险的缺失,这使得较小的借款者(他们最主要的吸引力是他们的免税地位),生活更艰难。
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Put another way, the rebates of those taxpayers will be reduced by the amount of income above the cap multiplied by 5%, said Mark Luscombe, principal analyst at tax information publisher CCH.
Seen from our practical situation, private capital has strong will to enter into market and to be the principal part of venture capital, but the burden of tax is too heavy.