Negotiators for the players' union and Major League Baseball will stay at the bargaining table until late Thursday night, trying to resolve increases in revenue sharing and the level of a luxury tax on high-payroll teams that would slow salary increases.

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But they may be having second thoughts now that Chavalit has rescinded the gasoline levy -- that tax and new surcharges on luxury goods were meant to help Thailand meet its commitment to the IMF for a budget surplus of 1% of 1998 GDP.

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In baseball, the so-called luxury tax falls on owners.

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The Indian government levies a tax of more than 100% on imported luxury cars, pushing up their cost substantially.

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Player costs included spending on benefits, but not luxury tax payments.

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For player costs we included spending on player benefits, but not luxury tax payments.

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Based on the preliminary reports, only through luxury tax penalties.

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Professor McDonnell has written extensively on such sports topics as revenue sharing, luxury tax, franchise management and player development.

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This despite a cosy deal with the government that allowed the hotel to be built on interest-free bonds and operated with no tax, cheap rent, and even, for a while, a duty exemption on the luxury items that its managers imported to fill its rooms.

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On the day I testified before the Senate Small Business Committee seeking to repeal the new luxury tax, we were able to show that a boat builder in Texas canceled his order for a new plane because of the negative impact that the tax had on his sales.

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