(5) Once this adjusted CCDR is created, it is subtracted from a 202 x 202 identity matrix and the inverse of the resulting matrix is taken, yielding the CCTR matrix.
After the CCTR matrix is obtained, the values for vector b, are calculated.
The CCTR matrix is needed because it quantifies the interindustry linkages of the different commodities.
As a rebate delivered through the tax system the CCTR also introduced a number of regressive dynamics into the system of government support for working families.
The limitations and contradictions embedded within the CCB and associated rebates (CCTR and CCR) underscore the Government's preference to promote and reward mothers in their role as carers while limiting the absolute and relative scope and generosity of benefits designed to facilitate women in their role as workers.
Following a rise by more than 13% in the CCB rates in 2007, the latest budget further improves the affordability of child-care facilities through an increase in the rate of the CCTR
from 30% to 50% for out-of-pocket expenses for approved child-care costs, and by an increase in the cap on the rebate.
Measures to improve access to child care Important steps towards helping parents meeting the cost of formal child care include: i) the expansion of assistance through the introduction, in July 2000, of Child Care Benefit (CCB) providing fee relief to parents (both working and non working) who have their children in approved or registered child care; and ii) a 30% Child Care Tax Rebate (CCTR
), in effect since July 2004, on out-of-pocket child care expenses for approved care, complementing CCB.
Technology supplier in China Crescent Enterprises Inc (OTC.BB: CCTR
) said on Friday that it anticipates signing on approximately USD32m in new contracts in the fourth quarter of 2009.