Tax Equalization Fund

Use of the Tax Equalization Fund

United Nations Tax Equalization Fund (statement VIII)

Note 20 United Nations Tax Equalization Fund (statement XX)

(iv) Tax Equalization Fund, which includes the financial results summarized in statement VIII;

Such reimbursements for taxes paid are reported as expenditure by the Tax Equalization Fund.

At 31 December 2004, a cumulative surplus of the Tax Equalization Fund had reached $87.8 million.

(iv) Tax Equalization Fund, which includes the financial results summarized in statement VIII;

(iv) Tax Equalization Fund, which includes the financial results summarized in statement VIII;

(e) Such sums as may be necessary to enable the Tax Equalization Fund to meet current commitments pending the accumulation of credits; such advances shall be repaid as soon as credits are available in the Tax Equalization Fund;