paragraph_text: On July 4, 2006, the government approved Law Number 117, The 2006 Contributive Justice Law, establishing a tax with a 5.5% rate at state level and an optional 1.5% rate at municipal level. The tax went into effect on November 15, 2006. The tax is better known as the Sales and Use Tax '(Impuesto sobre Ventas y Uso), often referred to by its Spanish acronym ``IVU ''. The law amended Article B of the Code and created subarticle BB. On July 29, 2007, the government approved Law Number 80, making the tax mandatory for all municipalities of the island. Also, the tax rates changed to 6% at the state level and 1% at the municipal level.

paragraph_text: Gaddafi sought to develop closer links in the Maghreb; in January 1974 Libya and Tunisia announced a political union, the Arab Islamic Republic. Although advocated by Gaddafi and Tunisian President Habib Bourguiba, the move was deeply unpopular in Tunisia and soon abandoned. Retaliating, Gaddafi sponsored anti-government militants in Tunisia into the 1980s. Turning his attention to Algeria, in 1975 Libya signed the Hassi Messaoud defence agreement allegedly to counter "Moroccan expansionism", also funding the Polisario Front of Western Sahara in their independence struggle against Morocco. Seeking to diversify Libya's economy, Gaddafi's government began purchasing shares in major European corporations like Fiat as well as buying real estate in Malta and Italy, which would become a valuable source of income during the 1980s oil slump.

paragraph_text: In political philosophy, limited government is where the government is empowered by law from a starting point of having no power, or where governmental power is restricted by law, usually in a written constitution. It is a key concept in the history of liberalism. The United States Constitution presents an example of the federal government not possessing any power except what is delegated to it by the Constitution - with the Tenth Amendment to the United States Constitution specifically stating that powers not specifically delegated to the federal government is reserved for the people and the states. The Magna Carta and the United States Constitution also represents important milestones in the limiting of governmental power. The earliest use of the term limited government dates back to King James VI and I in the late 16th century. Limited government put into practice often involves the protection of individual liberty from government intrusion.

paragraph_text: Originally introduced as a classical tax system, in which companies were subject to tax on their profits and companies' shareholders were also liable to income tax on the dividends that they received, the first major amendment to corporation tax saw it move to a dividend imputation system in 1973, under which an individual receiving a dividend became entitled to an income tax credit representing the corporation tax already paid by the company paying the dividend. The classical system was reintroduced in 1999, with the abolition of advance corporation tax and of repayable dividend tax credits. Another change saw the single main rate of tax split into three. Tax competition between jurisdictions reduced the main corporate tax rate from 28% in 2008 - 2010 to a flat rate of 20% as of April 2015.

paragraph_text: Goods and Services Tax (GST) is an indirect tax levied in India on the sale of goods and services. Goods and services are divided into five tax slabs for collection of tax - 0%, 5%, 12%, 18% and 28%. Petroleum products and alcoholic drinks are taxed separately by the individual state governments. There is a special rate of 0.25% on rough precious and semi-precious stones and 3% on gold. In addition a cess of 22% or other rates on top of 28% GST applies on few items like aerated drinks, luxury cars and tobacco products.

paragraph_text: Although theoretically a collegial body operating through consensus building, Gaddafi dominated the RCC, although some of the others attempted to constrain what they saw as his excesses. Gaddafi remained the government's public face, with the identities of the other RCC members only being publicly revealed on 10 January 1970. All young men from (typically rural) working and middle-class backgrounds, none had university degrees; in this way they were distinct from the wealthy, highly educated conservatives who previously governed the country.

paragraph_text: Canada has a publicly funded medicare system, with most services provided by the private sector. Each province may opt out, though none currently does. Canada's system is known as a single payer system, where basic services are provided by private doctors (since 2002 they have been allowed to incorporate), with the entire fee paid for by the government at the same rate. Most government funding (94%) comes from the provincial level. Most family doctors receive a fee per visit. These rates are negotiated between the provincial governments and the province's medical associations, usually on an annual basis. Pharmaceutical costs are set at a global median by government price controls.

paragraph_text: In the early 1980s, rapidly rising oil revenues enabled the government to finance large-scale development projects with GDP growth averaging 5% annually, one of the highest rates in Africa. The government has mortgaged a substantial portion of its petroleum earnings, contributing to a shortage of revenues. January 12, 1994 devaluation of Franc Zone currencies by 50% resulted in inflation of 46% in 1994, but inflation has subsided since.

paragraph_text: The state is divided into 77 counties that govern locally, each headed by a three-member council of elected commissioners, a tax assessor, clerk, court clerk, treasurer, and sheriff. While each municipality operates as a separate and independent local government with executive, legislative and judicial power, county governments maintain jurisdiction over both incorporated cities and non-incorporated areas within their boundaries, but have executive power but no legislative or judicial power. Both county and municipal governments collect taxes, employ a separate police force, hold elections, and operate emergency response services within their jurisdiction. Other local government units include school districts, technology center districts, community college districts, rural fire departments, rural water districts, and other special use districts.

paragraph_text: Since re-establishing independence, Estonia has styled itself as the gateway between East and West and aggressively pursued economic reform and integration with the West. Estonia's market reforms put it among the economic leaders in the former COMECON area.[citation needed] In 1994, based on the economic theories of Milton Friedman, Estonia became one of the first countries to adopt a flat tax, with a uniform rate of 26% regardless of personal income. In January 2005, the personal income tax rate was reduced to 24%. Another reduction to 23% followed in January 2006. The income tax rate was decreased to 21% by January 2008. The Government of Estonia finalised the design of Estonian euro coins in late 2004, and adopted the euro as the country's currency on 1 January 2011, later than planned due to continued high inflation. A Land Value Tax is levied which is used to fund local municipalities. It is a state level tax, however 100% of the revenue is used to fund Local Councils. The rate is set by the Local Council within the limits of 0.1–2.5%. It is one of the most important sources of funding for municipalities. The Land Value Tax is levied on the value of the land only with improvements and buildings not considered. Very few exemptions are considered on the land value tax and even public institutions are subject to the tax. The tax has contributed to a high rate (~90%) of owner-occupied residences within Estonia, compared to a rate of 67.4% in the United States.

paragraph_text: Despite being relatively unaffected by the embargo, the UK nonetheless faced an oil crisis of its own - a series of strikes by coal miners and railroad workers over the winter of 1973–74 became a major factor in the change of government. Heath asked the British to heat only one room in their houses over the winter. The UK, Germany, Italy, Switzerland and Norway banned flying, driving and boating on Sundays. Sweden rationed gasoline and heating oil. The Netherlands imposed prison sentences for those who used more than their ration of electricity.

paragraph_text: A government budget is an annual financial statement presenting the government's proposed revenues and spending for a financial year that is often passed by the legislature, approved by the chief executive or president and presented by the Finance Minister to the nation. The budget is also known as the Annual Financial Statement of the country. This document estimates the anticipated government revenues and government expenditures for the ensuing (current) financial year. For example, only certain types of revenue may be imposed and collected. Property tax is frequently the basis for municipal and county revenues, while sales tax and / or income tax are the basis for state revenues, and income tax and corporate tax are the basis for national revenues.

paragraph_text: In Ireland there is an income tax, a value added tax (VAT), and various other taxes. Employees pay pay - as - you - earn (PAYE) taxes based on their income, less certain allowances. The taxation of earnings is progressive, with little or no income tax paid by low earners and a high rate applied to middle to top earners, the top marginal rate of tax (including USC and PRSI) is 52%. However a large proportion of central government tax revenue is also derived from VAT, excise duties and other taxes on consumption. The standard rate of corporation tax is among the lowest in the world at 12.5%.

paragraph_text: The Reconstruction Finance Corporation (RFC) was a government corporation administered by the United States Federal Government between 1932 and 1957 that provided financial support to state and local governments and made loans to banks, railroads, mortgage associations, and other businesses. Its purpose was to boost the country’s confidence and help banks resume daily functions after the start of the Great Depression. The RFC became more prominent under the New Deal and continued to operate through World War II. It was disbanded in 1957, when the US Federal Government concluded that it no longer needed to stimulate lending.

paragraph_text: After the 1969 coup, representatives of the Four Powers – France, the United Kingdom, the United States and the Soviet Union – were called to meet RCC representatives. The U.K. and U.S. quickly extended diplomatic recognition, hoping to secure the position of their military bases in Libya and fearing further instability. Hoping to ingratiate themselves with Gaddafi, in 1970 the U.S. informed him of at least one planned counter-coup. Such attempts to form a working relationship with the RCC failed; Gaddafi was determined to reassert national sovereignty and expunge what he described as foreign colonial and imperialist influences. His administration insisted that the U.S. and U.K. remove their military bases from Libya, with Gaddafi proclaiming that "the armed forces which rose to express the people's revolution [will not] tolerate living in their shacks while the bases of imperialism exist in Libyan territory." The British left in March and the Americans in June 1970.

paragraph_text: With the return to power of the Liberals after the 1993 election, Ouellet was appointed Minister of Foreign Affairs by the new prime minister, Jean Chrétien. Despite his experience, Ouellet was not popular in Quebec, and the lasting legacy of the Charlottetown Accord hurt him. After the close result of the 1995 Quebec referendum, Chrétien wanted to present a new face of his government in Quebec. In 1996, Chrétien appointed Ouellet to head the Canada Post Corporation. Ouellet's seat in the House of Commons of Canada was taken by Pierre Pettigrew in a by-election later that year.

paragraph_text: Service tax was a tax levied by Central Government of India on services provided or agreed to be provided excluding services covered under negative list and considering the Place of Provision of Services Rules, 2012 and collected as per Point of Taxation Rules, 2011 from the person liable to pay service tax. Person liable to pay service tax is governed by Service Tax Rules, 1994 he may be service provider or service receiver or any other person made so liable. It is an indirect tax wherein the service provider collects the tax on services from service receiver and pays the same to government of India. Few services are presently exempt in public interest via Mega Exemption Notification 25 / 2012 - ST as amended up to date and few services are charged service tax at abated rate as per Notification No. 26 / 2012 - ST as amended up to date. Presently from 1 June 2016, service tax rate has been increased to consolidated rate at 14% + 0.5% + 0.5% = 15% of value of services provided or to be provided. The service tax rate now is consolidated rate as education cess and secondary higher education cess are subsumed with 2% of ``Swach Bharat Cess (0.50%) ''has been notified by the Government.

paragraph_text: In the United States of America, individuals and corporations pay U.S. federal income tax on the net total of all their capital gains. The tax rate depends on both the investor's tax bracket and the amount of time the investment was held. Short - term capital gains are taxed at the investor's ordinary income tax rate and are defined as investments held for a year or less before being sold. Long - term capital gains, on dispositions of assets held for more than one year, are taxed at a lower rate.

paragraph_text: From 1944–1956, Prescott Bush was a member of the Yale Corporation, the principal governing body of Yale University. He was on the board of directors of CBS, having been introduced to chairman William S. Paley around 1932 by his close friend and colleague W. Averell Harriman, who became a major Democratic Party power broker.

paragraph_text: In total energy consumption, the U.S. was between 86% and 91% self - sufficient in 2016. In May 2011, the country became a net exporter of refined petroleum products. As of 2014, the United States was the world's third - largest producer of crude oil, after Saudi Arabia and Russia. and second largest exporter of refined products, after Russia.

Question: Libya's new government, publicly represented by a revolutionary leader, was recognized by a country that produces most of their own oil and a European country. What is the corporation tax rate in that European country?
Answer: 20%