| 1. | Current profit includes gains or losses on financial investments and foreign exchange transactions.
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| 2. | The measure also cuts carmakers'taxes on raw materials, shipping and foreign exchange transactions.
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| 3. | The central bank declined to comment on its foreign exchange transactions.
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| 4. | The NBT is the only institution in Tuvalu that provides foreign exchange transactions.
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| 5. | Earnings on foreign exchange transactions are a major source of income.
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| 6. | Foreign exchange transactions are good for quick profits, he says.
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| 7. | Banks'earnings from foreign exchange transactions are subject to income tax.
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| 8. | He said five of the banks have been allowed to deal in foreign exchange transactions.
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| 9. | Commissions on stock trades were deregulated, and banks lost their monopoly on foreign exchange transactions.
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| 10. | Operations on the Caracas Stock Exchange and foreign exchange transactions are exempt from the tax.
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