there are specific exemptions for “risk-mitigating hedging activities, liquidity commitments and bona fide market-making”.
“减少套头交易的风险，流动资产的托付和真诚的作价买卖”都有特定的豁免税额。
'You shouldn't just make exemptions for certain countries,' said the Pakistani official. 'You need a criteria-based approach, not a country-specific approach.'
上述巴基斯坦官员说，你不应该仅仅为某些国家开特例，你需要一种依据标准、而不是因国家而异的做法。
Several exemptions exist for exporters and importers and specific industries.
在进出口和特殊行业，有免税政策。
As we will see, most of the complexities of hedge fund structures result from the need to benefit from regulatory exemptions and/or to cater to the needs of specific taxable or nontaxable investors.
我们将看到大多数对冲基金的结构复杂是源于需要少受监管和／或满足特殊税务或免税的投资者的需求。
'You shouldn't just make exemptions for certain countries,' said the Pakistani official. 'You need a criteria-based approach, not a country-specific approach.
上述巴基斯坦官员说，你不应该仅仅为某些国家开特例，你需要一种依据标准、而不是因国家而异的做法。
'You shouldn't just make exemptions for certain countries,' said the Pakistani official. 'You need a criteria-based approach, not a country-specific approach.
上述巴基斯坦官员说，你不应该仅仅为某些国家开特例，你需要一种依据标准、而不是因国家而异的做法。
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