Yes we've already covered this in a different thread: https://bitcointalk.org/index.php?topic=656720

In short:
No premine, instamine, or IPO.
0.125% of the block reward as a tax to the development team
50% of transaction fees, halving 3 times (25%, 12.5%, 6.25%) then dropping to 0.

Many have suggested a higher % of block reward (1%), we'll confirm the actual amount if/when we get to a final specification. It will certainly be under 0.5% though.