31.   The move caused foreign direct investments to fall, and there are now indications the import tax will be abolished to woo investors back, the newspaper said.

32.   The Reform Party has proposed abolishing taxes on profits that are reinvested to improve company efficiency and create jobs.

33.   The Philippine government is set to propose a law abolishing taxes that are hampering banks from maximizing their earnings, President Joseph Estrada said Monday.

34.   He said that his priority would be to abolish taxes unrelated to income and those affecting the capital and assets of companies.

35.   Instead of abolishing the tax, the government is now trying to harmonise it with provincial sales tax.

36.   Coalition deputies meanwhile voted in the lower house of the German parliament Friday to abolish a tax on company capital assets which the government says discourages business and investment.

37.   The panel also called for reforms in the labour sector to encourage women to take up jobs by abolishing preferential tax and other measures aimed at protecting housewives.

38.   The reforms included selling off government-owned enterprises, revamping the social security system, deregulating markets and abolishing some taxes.

39.   They also ease corporation tax and abolish wealth tax.

40.   The Chancellor also committed the Conservative government to the long-term aim of abolishing taxes on inheritance, and on capital gains by savers and investors.