Sentences with phrase «federal corporate tax revenues»

As the table below shows federal corporate tax revenues rose to $ 35 billion in 2013/14, but this was still 17 percent below the $ 42.2 billion they were in 2007/8 when our economy and corporate profits were respectively 17 and 15 percent lower (in current dollars).

This information indicates that a reduction of 3.5 points in the corporate tax rate in 2012 would lead to a loss of $ 6.1 billion in federal corporate tax revenues.

Federal corporate tax revenues are expected to rise in coming years, but will remain well below the shares of corporate profits and the proportion of the economy they had been prior to these tax cuts.

If you are, say, Dalton McGuinty, Jean Charest or Christy Clark, you should adamently oppose any increases in federal corporate taxes since you'll bear, depending on your preferred model, some or all (and then some) of the cost of increased federal corporate tax revenue.

Not exact matches

The Tax Foundation found that federal revenue would fall by $ 2 trillion if the corporate tax cuts are put in plaTax Foundation found that federal revenue would fall by $ 2 trillion if the corporate tax cuts are put in platax cuts are put in place.

Between 1980 and 2012, the share of federal revenue derived from corporate tax revenue fell to 13.6 % from 15.2 %.

Section 162 (m) of the Internal Revenue Code imposes limitations on the deductibility for corporate federal income tax purposes of remuneration in excess of $ 1 million paid to the chief executive officer, chief financial officer and each of the three next most highly compensated executive officers of a public company.

If the Conservatives hadn't touched the federal corporate tax rate when they took office in 2006 — if they'd kept it at 21 per cent instead of lowering it to 15 per cent — government revenues would be $ 13 billion higher, the Canadian Labour Congress argued in a paper last January.

«Each one percentage point cut to the corporate income tax rate costs the federal government about $ 2 billion in annual revenues,» wrote the authors, one of whom was CLC chief economist Andrew Jackson...

The components of nominal GDP represent the applicable tax bases for personal and corporate income tax revenues, which represent about 60 % of total federal revenues.

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Even though federal corporate tax rates have fallen by more than half over the past 30 years, corporate income tax revenues have continued to fluctuate around two per cent of GDP.

In other words, corporate income tax revenues as a share of federal government revenues are on track to rise by 15 per cent in five years.

What's more, government forecasts show corporate income tax revenues climbing by roughly a third between now and 2015 - 16 — at which point they will account for 12.2 per cent of total federal budgetary revenues.

For example, the federal government's most recent Fiscal Monitor shows that in the first eight months of 2011 - 12, corporate income taxes generated 10.6 per cent of total federal government revenues.

«If they were at the same 21 percent share of corporate profits as they had averaged in the two decades before these cuts, the federal government would have about $ 25 billion more in corporate tax revenues annually.

  In fact, as a share of our economy and of corporate profits, federal tax corporate tax revenues were 31 and 30 percent lower respectively last year than they were in 2007/8.

In fact, as a share of our economy and of corporate profits, federal tax corporate tax revenues were 31 and 30 percent lower respectively last year than they were in 2007/8.

Contrary to what the Prime Minister said, federal corporate tax cuts have led to a significant fall in corporate tax revenues.

A 0.5 % small business tax reduction is welcome, but overshadowed by tax increases at the personal level, corporate level, an increase in B.C.'s no - longer - revenue - neutral carbon tax, and the corresponding pending changes by the federal government as to how small business owners can manage their affairs.

Bond income, in contrast, is deducted from corporate revenues as interest expense, and therefore does not get taxed by the federal government at the corporate level.

This designation allows exemption from federal corporate and income taxes for most types of revenue.

But Republicans have insisted the bill, which adds nearly $ 1.5 trillion to the federal deficit, gives many if not most middle - class Americans a tax cut at the same level as the 21 percent corporate benefit, boosting investment, job creation, higher wages and offsetting tax revenues.

Broadly speaking, when individuals or businesses set up corporate entities in low or no - tax foreign jurisdictions for the purposes of avoiding taxes in their home countries, it raises serious questions about how the federal government should address it, including expanding the responsibilities of the Canada Revenue Agency to tighten enforcement.

Some of the FFEL program lenders have countered with proposals that would make ECASLA permanent and which yield at least three - quarters of the savings from President Obama's proposals, not counting any savings from FFELP lenders corporate income tax revenue to the federal government.

According to Wall Street Journal reporter Richard Rubin, «Each percentage - point reduction in the 35 % corporate tax rate cuts federal revenue by about $ 100 billion over a decade, and independent analyses show economic growth can't cover all the costs of rate cuts.»

A collective sigh of relief reverberated across the tax and corporate law bar when, on March 6, 2018, the Federal Court of Appeal released its reasons in Iggillis Holdings Inc. v Canada (National Revenue), 1 confirming the availability of common interest privilege in the context of a commercial transaction.

The Internal Revenue Service refers to S corporations as corporations that pass corporate income, losses, deductions and credit to shareholders for federal tax purposes.

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Contributing $ 2.2 billion in personal and corporate income tax revenues for the federal and provincial governments.

A reduction in the corporate rate by 20 percent corresponds to a $ 2 trillion reduction in federal revenue over the next 10 years, she notes, citing the Joint Committee on Taxation data that shows each percentage point cut in the corporate tax rate brings federal revenue down by about $ 100 billion over a decade.

Overall, the CBO estimated in 2012 that the shift to pass - throughs had resulted in a $ 76 billion loss in annual federal tax revenue as of 2007, or about 5 percent of that year's total corporate and individual income tax haul, while Treasury put the loss at $ 100 billion, or 7.9 percent, in 2011.