Inheritance Tax has been cut from a top rate of 75% to 40%, with complete exemption of commercial and agricultural property.

The capital gains cuts also include a complete exemption from taxes for the first $500,000 of profits from the sale of a principal residence.

"We are looking at whether there is something short of a complete exemption for Internet activity," she said.

Member states may allow the competent authority to provide for partial or complete exemption from the obligation to publish listing particulars in particular circumstances.

Of the 61,000 only 3,000 were given complete exemption and 18,000 were dismissed as false claimants.

"Only a moral idiot could feel entitled, in the midst of such a life, to a complete exemption from bad fortune," she wrote at another.

Many tax systems provide complete exemption from tax for recognized charitable organizations.

It is also limited because more than 99% of Community trade with these countries already benefits from complete exemption from customs duties.

CHC (the port operator) will have complete exemption from corporate tax for 20 years.

CHC will have complete exemption from all local and provincial taxes for 20 years.