I. Match English words and word combinations from column (a) with Russian words from (b) below:

a	b
income splitting the upper income range a discouraging effect family unit overall according to wife’s earnings become payable elsewhere to be split in half to differ radically to be similar the surtax range to be well above overall tax	верхний уровень дохода быть похожим деление дохода на отдельные части семья как единое целое негативное воздействие общий, всеобъемлющий подлежать оплате быть разделенным на две половины заработки жены где-либо еще различаться коренным образом уровень дополнительного подоходного налога в соответствии с быть намного выше совокупный налог

Answer the following questions:

1. What does international comparative analisis of taxation show?

2. What is the most important variable factor in taxable income?

3. What method of assessment is used in the countries having more tax advantages for people with families?

4. What does income splitting mean?

5. What did you learn about income splitting in different countries?

6. How is the British system of joint liability different from the other counties?

7. What effect does the penalizing have?

8. What is the size of personal exemption in the five countries?

9. Where is the tax rate higher than else where?

10. What country has the maximum marginal rate as compared with the other countries?

Vocabulary

analysis (pl. - ses) – анализ

assessment (n) – оценка, начисление налога

comparative (adj) – сравнительный

concession (n) – уступка

damage (n) – ущерб

deal (v) – иметь дело с

differential (n) – различие, разница

effect (n) – воздействие

effect (v) – воздействовать

exemption (n) – освобождение от налога

joint (a) – совместный, объединенный

major (a) – главный

measurement (n) – измерение

overall tax – совокупный налог

penalizing (n) – подрыв, ухудшение положения

personal (a) – личный

radically (adv) – коренным образом

scale (n) – шкала

splitting (n) – разделение на части

surtax (n) – добавочный подоходный налог

transfer (n) – трансфер, уступка, социальная выплата

tread (v) – рассматривать, применять

unit (n) – единица, ячейка

variable (a) – варьируемый, изменяемый

vary (v) – различаться, варьироваться

well above – намного выше

Unit 3 Text (a) national insurance contributions (nic)

In addition to income tax, citizens generally pay an additional contribution - which may be the same for everyone, but is more likely to be one related to their income - with a further contribution from the employer. When first begun these payments were for specific purposes-, for example, to pay for basic health care, for allowances from the state in times of need, and as a contribution towards an eventual pension. In other words, it was effectively compulsory social insurance levied by governments against possible future deprivation. Today, such contributions rarely cover the amounts paid out. A national insurance contribution or a social security payment is simply an additional tax. However, by no means all countries have social security systems. The idea was pioneered by the UK and the Scandinavian countries, but has now spread to most industrialized nations (especially in Europe). Though there has been some cutting back in the past decade, there is nevertheless broad agreement that the system is valuable and that it provides an important safety net for those in need or in retirement.

A number of the world's poorest countries are unable to operate effective social security systems, generally because the}' do not have enough people in paid employment to generate the necessary funds. Some of the newly emerging industrialized countries have taken a different approach, however.

In Singapore and Malaysia, for example, all workers and employers put substantial proportions of their wages into a special fund. This then accumulates. Individuals may then withdraw money for specific purposes such as housing. On retirement, the money reverts to the individual for his own use. There is no pension as such. Investment in, and the release of funds from, the Consolidated Provident Fund (as it is called in Singapore) have enabled Singapore to achieve one of the highest rates of home-ownership in the world (over 8096). It should be recognized, however, that this is not a tax as such: indeed, the contributor receives tax-free interest of his accumulated funds. Rather, it is a form of compulsory saving for wage earners. No government pension is paid.

(from "Guide to International Finance" by Alen M.)