davidli78
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Harmonized Tax
Guys,
In the context of taxation, tariff, and legal regulation, "harmonization" is the typical used term to describe the process for combining, unifying or leveling the rates or laws. Namely "Corporate (Income) Taxes Harmonization" could be used to describe the decision or process, while "Harmonized Corporate (Income) Tax" could be used for the resulting new tax.
For example, in Canada, most of provinces charge PST (Provincial Sales Tax) when you purchases goods or services, and Federal government charges GST (Goods and Services Tax) . Recently Ontario is to harmonizing the two taxes into one (simple addition but saves merchant time and expenses of reporting to two levels of government), to the new HST (Harmonized Sales Tax).
In this case, we are talking about 2 different kind of tax rates to which 2 type of companies are subjected being leveled to the same rate. So harmonization works as well.
Last but not least, in the legal context, often multiple regions and/or countries would try to unify or at least come to some sort of agreement on certain regulations or procedures to facilitate trade, crime fighting and such. The process of such convergence is usually called "harmonization". (see http://en.wikipedia.org/wiki/European_Patent_Convention).
Hope this helps  .
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