159 tion that it is obstructing the normal operation of the affiliation exemption by taxing the dividend (in the form of `deemed dividend') in advance.” [para.

During the Millennium Summit organized recently by the United Nations, the participating Governments agreed that the benefits of globalization — faster and more sustained growth, higher living standards, more employment and large dividends from advances in technology — require concerted action at both the national and international levels and cannot be left to the operation of market forces alone.

At that Summit, Governments also agreed that the benefits of globalization — faster and more sustained growth, higher living standards, more employment and large human dividends from advances in technology — require concerted action, at both the national and international levels, and cannot be left to the operation of market forces alone.