Question: What is the corporation tax rate in the country that, along with the nation that produces most of its own oil, recognized Gaddafi's government at an early date?

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. 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. 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. 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. <SEP> 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. <SEP> having removed the monarchical government, gaddafi proclaimed the foundation of the libyan arab republic. addressing the populace by radio, he proclaimed an end to the "reactionary and corrupt" regime, "the stench of which has sickened and horrified us all." due to the coup's bloodless nature, it was initially labelled the "white revolution", although was later renamed the "one september revolution" after the date on which it occurred. gaddafi insisted that the free officers' coup represented a revolution, marking the start of widespread change in the socio-economic and political nature of libya. he proclaimed that the revolution meant "freedom, socialism, and unity", and over the coming years implemented measures to achieve this. <SEP> 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. <SEP> 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.