profit assessed as income on a sliding scale

Step-up (step-down) deposits and loans are instruments with fixed interest rates over the whole maturity.

Step-up (step-down) deposits and loans are instruments with fixed interest rates over the whole maturity.

The Notes offer pre-determined step-down coupons (the “Coupons”).

The Notes offer pre-determined step-up coupons (the “Coupons”).

Germany personal income tax (Einkommenssteuer) rates are progressive up to 45%.

The tax rate is a progressive one that maxes out at 16%.

The four-tier system, with each tier representing a higher tax rate, is referred to as “progressive taxation.

(Calculations are based on excise rates as of 1 January 2016.)

A progressive contribution rate is then applied to the resulting disposable income in order to determine the sponsor’s expected contribution.

The combined progressive rate on commercial, industrial real estate, other residences, land and others is as follows:

Each corporate group will need to select one group company to benefit from the preferential profits tax rate.

In accordance with current Mexican legislation, Income Tax for legal entities is from 30% with a maximum progressive rate of 35% for individuals.

Assets subject to a progressive tax rate, which can reach its maximum level of 0.1% to 1%, depending on the cantonal and communal tax rates.

In Hong Kong, there are two ways for tax calculation: using the standard tax rate and the progressive rate.