Only in the last case, the transfer of equity is exempt from taxation.

对后一种情况，在转让股权时应免缴营业税。

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Income that is saved is exempt from taxation until the saving is later withdrawn and spent on consumption goods.

收入中用来储蓄的部分是免税的，除非它以后被取出并用来消费。

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Their interest income is except from federal income taxation. The interest income also is exempt from state and local taxation in the issuing state.

市政债券的利息收入不用交纳联邦利息税，利息收入在所发行的州也不用交纳州和地方所得税。

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If the premiums are paid by employer, the outlays are both treated as an expense for the business and are exempt from taxation as income to employees.

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While the report said that it wasn't possible, in most cases, to show whether the taxation was legitimate, such activities are often exempt from taxation under bilateral agreements.

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