Sentences with phrase «about lost tax revenue»

Not exact matches

Or is it actually about making up revenue lost to an eroding tax base as taxpayers seek legal ways to avoid what they see as punitive tax rates?

The Organization for Economic Cooperation and Development estimated that these kinds of profit - shifting practices amounted to about US$ 100 billion - US$ 240 billion in lost tax revenue each year, equivalent to up to 10 per cent of global corporate income tax revenue.

Airlines lose $ 586 million, governments are down about $ 150 million in taxes and fees and lost revenue from hotels, parking, taxis, limos and airport purchases are conservatively about $ 90 million.

But, county officials say they need the one percent sales tax exemption ASAP or the county will lose about $ 5 million in revenue.

Many of the same warnings Mario Cuomo heard in the 1980s about Shoreham are the same ones his son hears today from supporters of Indian Point: Closing a nuclear plant will result in blackouts, a less reliable electric grid and increased air pollution as fossil fuels are burned to replace the lost emissions - free nuclear power; customers could face higher bills; more than 1,000 jobs will be lost, and tax revenue for schools and towns will dissipate.

Sen. Terrence Murphy may launch an investigation into the Cuomo administration's agreement with Entergy to close the Indian Point nuclear plant unless questions he has about the deal are answered, including how local governments will replace the tax revenue they'll lose once the facility closes.

Replacing income taxes with am employer payroll tax, leaving Washington, not Albany, on the hook for billions of dollars in lost revenue, might sound good, but the idea floated by the governor is already running headlong into a barrage of practical questions about how precisely such a switcheroo might work.

ALBANY — State Sen. Terrence Murphy says he may launch an investigation into the Cuomo administration's agreement with Entergy to close the Indian Point nuclear plant unless questions he has about the deal are answered, including how local governments will replace the tax revenue they'll lose once the facility closes.

Opponents are concerned about the potential costs of restrictions related to sea - level rise, like lost land to wetland status and degraded tax revenue.

So far, the media coverage of the report, as well as the Parliamentary Budget Officers's report on TFSAs also released Tuesday, has focused on about the billions it will «cost» the government in lost tax revenue.

On top of that, the Pew reports that 2010 saw the government lose about $ 80 billion in revenue due to the mortgage tax deduction.

Then there are the efforts to discourage defined benefit plans, which came about because the IRS felt that they were losing too much tax revenue to overfunded plans.

The coverage talks about the billions it will «cost» the government in lost tax revenue.

The states, meanwhile, have been losing out on billions in sales tax revenue over the years (one estimate cited in court papers suggests they'll lose about $ 34 billion this year).

When you take a look at all the rural land that borders on, is intersected by, or sits on top of water sources that supply municipal systems, and think that all those landowners would probably do the same thing, when we add up all the lost municipal tax revenue, well, we're not talking about petty cash here, are we?

The cost of lost tax revenues from individuals, small businesses and other corporations would be about $ 258 million.