One of the mysteries of the English language finally explained.
- ‘Long-term capital gains arising from transfer of equity shares are taxed at 20 per cent if indexation benefit is availed of and at 10 per cent without benefit of indexation.’
- ‘The current method of wage indexation was created in 1977, under (you guessed it) the Carter Administration.’
- ‘For assets acquired before that date, either the exemption rule or frozen indexation may be used.’
- ‘This will facilitate full indexation of tax bands, possible tax cuts and increased spending in politically sensitive areas.’
- ‘And while the Prime Minister says this is record funding, an increase of 25 per cent, according to the Opposition it's mainly just indexation.’
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