Thank you, Madam Chair. How the TFF is designed is, if there is a decrease in loan source revenues like we have had in our corporate income tax, the territorial formula financing is fixed, about 70 percent of that increase up in future years. The increase for this year is a reflection of lower corporate income tax rates from previous years. Thank you, Madam Chair.
Mr. Kalgutkar on Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on February 28th, 2020. See this statement in context.
Consideration In Committee Of The Whole Of Bills And Other Matters
Consideration In Committee Of The Whole Of Bills And Other Matters
February 28th, 2020
Page 365
Kalgutkar
See context to find out what was said next.