This meant some restructuring of benefits and a sharp increase in contributions - moves that were not popular, but were necessary. In 2000, the federal government implemented a five-year, $ tax-reduction  2  BIS Review 26/2003  plan that lowered personal and corporate tax rates. And in the last federal budget, the government announced that Canada's tax on capital is being phased out.
X P Guma: Banknote design Remarks by Dr X P Guma, Deputy Governor of the South African Reserve Bank, at the Bank Note Design Gala evening, held at the South African Reserve Bank, Pretoria, 30 August 2006. *  *  *  1.