Betekenis van:
bricks and mortar

Voorbeeldzinnen

1. We can build a wall with bricks and mortar.
2. However, the fact that Qualifying Companies tend to have a ‘bricks and mortar’ presence in Gibraltar and generate income that is subject to company taxation, albeit at a reduced rate, suggests that they do in fact engage in economic activity.
3. According to information supplied by the United Kingdom, in circumstances where the intended operation requires a ‘bricks and mortar’ presence in Gibraltar, the company undertaking such activity would usually obtain Qualifying Company status rather than Exempt Company [6] status.
4. Given that most, if not all, Qualifying Companies pay some income tax, albeit at a reduced rate, and that such companies tend to have a ‘bricks and mortar’ presence in Gibraltar, the Commission concludes that the administrative burden would not be excessive.
5. According to information supplied by the United Kingdom, in circumstances where the intended operation requires a ‘bricks and mortar’ presence in Gibraltar, the company undertaking such activity would usually obtain Qualifying Company status rather than Exempt Company [6] status. Qualifying Companies are also of particular benefit in situations where a subsidiary company needs to make income remittances to a foreign parent and is required to have suffered tax at a certain level to reduce further taxation in the home country. III. GROUNDS FOR INITIATING THE PROCEDURE