| Nothing would prevent the other States with a schedular system doing the same, apart from budgetary reasons and possibly the wish to stimulate investors to invest domestically. |
| In practice the schedular tax rate is often chosen in such a way that the combined pressure of corporation tax and schedular tax corresponds to the top marginal income tax rate. |
| As demonstrated in Chapter 3, the effects of schedular and imputation systems are equivalent in this respect. |
| The separate schedular rates can be chosen in such a way that for each income tax bracket the combined tax burden of corporation tax and income tax equals the marginal income tax rate, as under the imputation system. |
| A transfer of assessing powers would bring railway companies within their more accommodating policies without disturbing the general schedular framework. |
| In practice, therefore, a pragmatic solution is for schedular systems to apply the same rate to domestic dividends as to inbound dividends. |
