In a paper released today, researchers from the Center on Reinventing Public Education say that both vendors and school officials trying to shepherd purchases along typically have to navigate a deep
sea of competing
rules and district offices with
different interests and responsibilities.
[3] The STL system is in fact composed
of 5
different measures, namely (1) the accelerated depreciation
rule (Article 115 (6)
of the Spanish Tax Law on Corporate Tax (TRLIS)-RRB-; (2) the discretionary application
of early depreciation (Article 115 (11) TRLIS and Articles 48 (4) and 49
of the Spanish Regulation on Corporate Tax (RIS); the tax status
of EIGs (Article 48 and 49 TRLIS); (4) the Tonnage Tax system (Articles 124 to 128 TRLIS); and (5) a
rule according to which certain
sea - going vessels that would normally be regarded as used or second hand upon their transfer into the Tonnage Tax system are deemed to be new (Article 50 (3) RIS).