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since derivative transactions exploit very small margins, even a small withholding tax may far exceed the margin and make the derivative transaction uneconomical.
因为衍生手段交易是为了从极小的边际差额中获利,所以即使很低的代扣税也可能远远超过边际差额,使得衍生手段交易无利可图。
further taxation measures sometimes used to promote privately financed infrastructure projects are exemptions from withholding tax to foreign lenders providing loans to the project.
48. 有时用于促进私人融资基础结构项目进一步的税收措施是向为项目提供贷款的外国放款人免除预扣税款。
27. the project has also recently faced challenges in obtaining imported construction materials, owing mainly to the introduction of a 3 per cent withholding tax.
27. 该项目最近在获取进口建筑材料方面也面临着挑战,主要是由于出台了3%的预扣税。