Sentences with phrase «abolished wealth tax»

The government has abolished wealth tax.

All those inequities will drive demand to replace a mansion tax with a general wealth tax but the experience of the British government in the 1970s and European countries today shows that is invariably a messy economic disaster; the Swedes just abolished their wealth tax as a result.

By announcing a wide array of measures, including the introduction of the Universal Social Security Scheme, Atal Pension Yojana, Atal Innovation Mission, new AIIMS hospitals across India, reducing corporate tax, incentivising card transactions and abolishing wealth tax, the finance minister has managed to lay a strong foundation for the future.

Not exact matches

It also confirmed it would introduce a 3 per cent tax on company dividends, increase wealth and inheritance taxes and abolish a tax «shield» — or ceiling — for the wealthy in its effort to meet its targets of cutting the budget deficit to 4.5 per cent of gross domestic product this year and 3 per cent in 2013.

«To sponsor the Ghana Premier league with capital injection of one million dollars each season, to remove Airport Taxes, to remove utility bills paid by university students living on campus, to increase and give Ghanaians high quality infrastructure nationwide, loans from Western World will be abolished, Woyome will pay back our money, continuation of Mahama projects and we will use our oil wealth income to clear all Ghana's debt.»

Those «against» object that IHT taxes wealth a second or even third time, they suggest that if it were abolished, wealth would cascade down generations and stimulate economic growth.