Sentences with phrase «broad based taxes»

«The unintended consequences of broad based taxes like this can be quite negative for an economy, not to mention interprovincial relations.»

Finally, we strongly oppose any temporary increase in, or surcharge on, any of our broad based taxes without a prior commitment to significant spending restraint and other fiscal reforms to provide long term stability, and affordability, to the state's budget.

Despite Governor Pataki's recent pronouncements regarding the relationship between jobs and cuts in broad based taxes, the large personal income tax cuts that New York implemented in 1987, 1988 and 1989 did not inoculate our state from the emerging national recession.

[1] Although this revenue is essential to keeping the State's budget in balance, the case for preferring the two major HCRA taxes over other broad based taxes has eroded over the last 20 years.

The problem that I see with broad based tax cuts for companies is that nothing stops them from using the money against our interests.

«What we're talking about here in these current proposals that the legislature and the governor seem to agree in large part on is broad based tax reform,» Simpson said.

The broader based the tax, the less steep it needs to be for maximum effectiveness.

Not exact matches

But what caused the big oilsands and power companies to support the plan is that it primarily takes the form of a broad - based carbon tax.

We have some experience with this in British Columbia, where a broad - based carbon tax has been in place for seven years.

«The tax law is so incredibly broad based.

The plan, the result of months of study and public input, will introduce a broad - based carbon tax that would apply across the economy.

Andrew Dunn, a managing partner at Deloitte Canada, favours broad - based reductions in personal taxes.

«They need to encourage productivity and growth through measures such as broad - based reductions in personal taxes and increased contribution limits for registered plans to encourage savings.»

In addition, PBO's forecast for nominal gross domestic product (GDP)-- the broadest measure of the federal tax base - is considerably lower than the average of the private sector economists» forecasts released by the Minister of Finance on October 29, 2012.

However, despite the economy's on - going dismal job performance, a broad based cut in payroll taxes does not appear to be a very high priority claim for this government against the surpluses.

Nominal gross domestic product, the broadest measure of the tax base for federal revenue, is projected to be about 6 per cent higher in 2010 than in 2009, which should impact positively on federal revenues.

Elliot Horowitz & Company is a New York based firm which provides a broad variety of accounting, tax and consulting services geared toward entrepreneurial businesses and high net worth individuals.

Based on what Environment Minister Peter Kent recently told CBC's Evan Solomon, the Tories no longer oppose only the broadest form of carbon tax (as proposed Stéphane Dion is his disastrous 2008 election run as Liberal leader), but also the cap - and - trade option, which use to be in the Conservative platform (it's on page 32 here).

«As we all know, the GST / HST is a broad - based tax on consumption in Canada, and it's calculated on the final amount charged for a good or service,» said Daniel Lauzon.

On the corporate side of the code, tax expert Bill Gale and his colleagues summarize that «there is virtually no evidence that broad - based [corporate] tax cuts have had a positive effect on [economic] growth... That has been amply demonstrated at the national level, where tax cuts have eroded revenue without discernable effect on economic activity.»

Underlying measures of inflation were similarly boosted because of the broad - based nature of the tax.

A meaningful carbon tax would add a few cents a litre at the pumps, but I suspect many Albertans would pick that option over broad - based tax increases, jam - packed classrooms, or shuttered operating rooms.

On 1 July 2000, a 10 per cent broad - based goods and services tax was introduced, replacing a wide range of indirect taxes that had been levied primarily on goods.

However, there is no evidence that broad - based tax cuts can pay for themselves completely, and economic studies from across the spectrum have found that deficit - financed tax cuts only pay for a fraction of their cost (including from the Congressional Budget Office and other economists).

The U.K. Treasury's sponsored analysis of confidential tax records on tax - advantaged share schemes at over 16,000 U.K. firms reported that broad - based employee stock ownership was linked to improved value added and productivity with correlations consistent with those in many studies of smaller numbers of firms.

A broader base allows more revenue to be raised without increasing tax rates, or for rates to be cut without sacrificing revenues.

Another key difficulty in forecasting personal income tax revenues is that the taxable base is much broader than its underlying economic tax base, as measured by Statistics Canada.

In one illustrative example from the Congressional Budget Office (CBO), at best one - quarter of the cost of a broad - based cut in individual rates could be offset by economic growth over a decade, and even that assumes future tax increases will ultimately be enacted to stabilize the long - term fiscal picture.

He did not specify what the expanded benefits or tax increases would look like, but broad - based benefit increases would not be the best use of resources and would put the cart before the horse in terms of ensuring solvency.

In other words, don't get caught in the trap that ETFs are cheaper, more tax - efficient, and so on — the facts are that there is little difference between ETFs that track broad - based indexes and index mutual funds (in terms of cost and tax efficiency).

Support for something like Mike Lee's tax reform has broad support outside the base of the base.

Olsen notes that while Sam Brownback has slashed Kansas taxes for the very richest and seen little beneficial result, economically or politically, Scott Walker has pursued broad - based tax relief and succeeded on both counts.

Revenue raising, it said, is most efficiently done through broad - based taxes such as those on income and consumption.

As a part of the McCormick Place convention center, McDome would more fairly distribute the cost of stadium development to a broader base other than the Chicago Park District property tax, which would have to continue to be the base support for any Soldier Field project.

In the end, the Legislature wound up approving a $ 132 billion budget that closed a $ 10 billion gap without any broad - based tax increases.

The Conservatives have promised to cut corporation tax if elected, hinting at a manifesto containing broad - based measures to reduce taxes.

Gov. Andrew Cuomo this week insisted he won't seek a broad - based tax hike in this year's budget, even as he sounds the alarm over potential cuts from the federal government.

This is big news for the state's economy, especially upstate, as this package will provide broad - based business tax relief, and support key business sectors across New York.

Business Taxes - The final budget did not include any increases in broad - based state business tTaxes - The final budget did not include any increases in broad - based state business taxestaxes.

Sales taxes are less important due to the city's broader tax base.

«The significant restructuring of the corporate franchise tax, broad - based business tax rate reductions, and expedited business relief from the Section 18 - a energy assessment will also improve the state's economic competitiveness and help the economy grow.

There is much for business to be encouraged about with the emphasis on holding growth in overall state spending to under 2 percent while promoting private sector investments and job creation, and increasing in - state personal income, through broad - based business tax relief.

But, 95 % + of the lawyers in the state use less than 10 % of the statutes by page length, on any regular basis, and I probably use only 10 % of the tax code and 5 % of the tax regulations despite having an extremely broad tax practice in terms of the variety of subjects I deal with compared to the average lawyer who does tax work.

Despite the hearing, Senate Democratic leaders said later Tuesday that the tax package will not include any broad - based increase in the sales tax or any increase in the state income tax.

• Adopting business tax reform - including broad - based rate reductions, elimination of special fees and assessments on business, and streamlining tax administration and compliance burdens.

«The Governor and key legislators have set a positive tone for 2014 but there are also renewed calls for increased state spending, new taxes and new employer mandates,» said Heather C. Briccetti, Esq., president and CEO of The Business Council of New York State, Inc. «We believe it is important for New York to maintain its focus on state spending restraint and broad - based reforms.»

Business Taxes - The Executive Budget does not proposal any increases in broad based state tTaxes - The Executive Budget does not proposal any increases in broad based state taxestaxes.

Cuomo has largely avoided broad - based tax increases to close deficits in the past, thanks in part to capped spending and settlement funds that have helped bridge gaps in previous years.

In 1995 he led the famous «Kume Preko» demonstrations of the Alliance For Change (AFC), a broad - based political pressure group, which mobilised thousands of people onto the streets of Ghana to protest the Value Added Tax (VAT) initiative which was being introduced by the government of Ghana under the then President Rawlings.

New York's budgets over the last several years have been approved largely on time and without broad - based tax increases, even as spending increases year over year are kept under 2 percent.