Surpluses appeared because employment rose to 64.5% of the adult population (more people paying taxes) as a result of these events, supplemented by capital gains tax revenues and corporate profit taxes.

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My native UK, for example, taxes all corporate profit at one rate, then the dividend is distributed.

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It will charge only 15% corporate-profit tax and levy no income taxes on the finance professionals, lawyers, accountants and creative people it hopes eventually to attract.

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