Sentences with phrase «cent tax rises»

The official Labour position is that the deficit should be cut using a 2:1 ratio of spending cuts and tax rises — that's 67 per cent cuts and 33 per cent tax rises.

Not exact matches

For the six months to December 31, it reported a 9.1 per cent rise in underlying earnings before interest, taxes, and amortisation to $ 72.8 million, on the back of record gross written premium (GWP) growth across both its underwriting and broker network units.

The study said the carbon tax would lower pollution by 20 per cent by 2050 and prevent oil imports from rising.

Economists told the Reuters news agency that Prime Minister Naoto Kan's government should commit to raising its sales tax to 15 per cent or 20 per cent over the next 10 to 15 years to help meet rising costs.

The proposals from the presidential campaign, reiterated last week by President - elect Donald Trump's choice for Treasury secretary, will massively favour the top 1 per cent of income earners, threaten an explosive rise in federal debt, complicate the tax code and do little if anything to spur growth.

New York's gas prices are in large part driven by its high taxes — the gas tax rose to over 43 cents per gallon in 2017.

Mr Cooke said the group had made a «powerful» start to 2018, benefiting from an Oz lotto jackpot run that helped deliver a 25 per cent rise in after - tax profits for July.

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.

This figure is a good deal higher than the 1.7 per cent for the latest year - ended rise in the CPI, but the pick - up includes the effect of dropping out the impact of the health insurance rebate, which reduced the CPI in the March quarter 1999, some further effects from past movements in crude oil prices, and an increase in tobacco taxes in the December quarter.

Back then, total taxes and fees as a percentage of GDP never rose above 38.1 per cent of the economy.

The net result was that 81 per cent of middle - class taxpayers saw their taxes rise, and on average pay $ 840 more annually.

Menulog's sales rose 25 per cent to # 49.8 million ($ 88.6 million) in 2017 after growing 64 per cent in 2016 and 94 per cent in 2015, while earnings before interest, tax, depreciation and amortisation more than doubled in 2017 to # 17.3 million.

This partly reflects the impact of higher food prices and rising indirect taxes, with underlying inflation a little under 1 3/4 per cent.

This unjustifiably rewards high - tax states, and because deductions rise with income (they are worth 39.6 cents per $ 1 at the top, but only 10 cents or less at the bottom), it also rewards areas with more wealthy taxpayers, even holding state and local tax rates constant.

Finally, the value of deductions rises with marginal tax rates, which are higher for those with higher incomes: someone in the bottom tax bracket only gets a 10 - cent subsidy for $ 1 of deductions while someone in the top bracket gets 39.6 cents.

In 1980, the land - tax rate rose to five times the building rate, and the value of construction shot up 212 per cent.

Treasury's sales revenue rose 8.4 per cent to $ 1.85 billion, while earnings before interest, tax, depreciation and the SGARA accounting standard, which relates to vineyard assets, were up 21.9 per cent at $ 225.1 million.

The company's flexibles packaging business — which services the pharmaceutical, healthcare, food, beverage and tobacco industries — produced an 8.5 per cent rise in profit before interest and tax.

Earnings before interest, tax, depreciation and amortisation rose 120 per cent to $ NZ78.4 million while revenue climbed 69 per cent to $ NZ262.2 million.

Group earnings before interest and tax from continuing operations rose 9.9 per cent to $ 1.43 billion as a strong rebound in Australian supermarkets offset losses from BIG W and weaker earnings in New Zealand.

He described the new 20 per cent rate as the «wrong tax at the wrong time», accused George Osborne of treating the British public «like fools» and thereby dominated much of the media coverage of the VAT rise.

The average council tax bill in Britain has risen by 121 per cent since 1993/94, according to research from Halifax - and pensioners are feeling the strain.

Council tax will rise by an average of 3.5 per cent from April, a new survey by the Local Government Association (LGA) has found.

«A reversal of the 50 per cent tax rate - a rise in tax that is actually likely to lose money - would be helpful but politically impossible.

We have provided sufficient resources to ensure local authorities can keep overall council tax rises substantially below 5 per cent.

Council tax bills across England will rise by three per cent in the coming year - a drop on previous estimates.

The tax cuts will be funded by borrowing, which will reach # 78 billion this year and rise to # 118 billion, or eight per cent of GDP, next year.

He scored a hit with his attacks on this week's rise in VAT to 20 per cent, dubbing it «the wrong tax at the wrong time».

Stock markets have risen because they expect him to allow a tax reform bill that would bring a little sense to America's tax code, cutting capital taxes and boosting growth by up to nine per cent.

Mr Osborne promised to balance the deficit within the next five years, saying that 77 per cent of the measures to do so outlined in the budget are spending cuts, while 23 per cent would come from tax rises.

First, Cameron and Osborne kowtowed to Tory backbench concerns by limiting the rise in capital gains tax to 28 per cent, after the Business Secretary had accused the likes of David Davis and John Redwood of «reinventing the wheel» on CGT.

Appeared to suggest that 50 per cent of the deficit should be tackled by tax rises.

HORICON Horicon supervisor Matt Simpson said the 2018 budget with its 2.4 cent tax rate increase is very conservative, with the increase due to rising healthcare, expanded roadwork and two more weeks of milfoil harvesting.

This means council tax has risen over one hundred per cent - or an extra # 751 a year on a Band D home.

Nothing has changed since then to necessitate a sharp rise in VAT to 20 per cent (as Will Straw points out, this was far from an «unavoidable» tax increase).

It was feared there would be a two per cent rise in basic rate tax, and a three per cent hike for higher - rate payers.

In January next year the VAT sales tax will rise from 17.5 per cent to 20 per cent - despite Conservative claims before the general election that they had no plans to raise it.

John Curtice, professor of politics at Strathclyde University, points out that the number of people who think taxes should be cut, even if it means a reduction in services such as health, education and welfare, has risen from 20 to 27 per cent since 2005, while the number who want to extend services has dropped from 40 to 29 per cent.

The Conservatives said its calculations showed the revenue the Treasury received from NI had risen by 22 per cent in real terms since 2001 - 02, five times the four per cent growth in income tax receipts over the same period.

Public sector pay rises will be capped to one for two years from 2011, while the 40 per cent income tax threshold will be frozen the following year - hitting anyone earning over # 43,000.

Spending cuts vs tax rises The Conservative manifesto said 80 per cent of the deficit reduction would come from cutting spending.

Davis, the University of California professor, argued that for fuel use to drop, taxes on gasoline and other fuels need to rise more than 10 cents.

Fashion sales up but future looks gloomy (Times Online) «Sales of clothes, shoes and textiles were 9.5 per cent higher than in April last year, the biggest annual rise since July last year... Analysts said that retailers would struggle to keep up the momentum as households faced sluggish earnings growth and political uncertainty as well as tax rises and spending cuts.»

After moving dramatically to abolish property taxes as a source of funding for the schools, lawmakers last year decided to give voters a choice for replacing the lost revenues: either a two - cent sales - tax increase, to be considered in a March 15 referendum, or an income - tax hike, which will go into effect automatically if the sales - tax rise is rejected.

Observers predicted narrow passage for the education bill and an accompanying half - cent rise in the state sales tax that would generate $ 230 million in the school - reform plan's first year.

Anyone can see what appends when the USA government bails out the American automotive industry and doesn't rise a single cent on gas taxes in 30 years to - at least - repair the tens of thousands bridges and millions of miles of main roads!

Toyota's quarterly profit rose 54 per cent, helped by a windfall from lowered U.S. tax liabilities, cost cutting and gains from favourable foreign exchange rates.

From there, the combined tax rate on eligible dividends steadily rises, reaching as high as 39.34 per cent for those making $ 220,000 or more in Ontario.

For those not in these special circumstances, non-registered eligible dividend income will be taxed at the usual rate (combined federal / provincial): In Ontario, roughly 25 per cent or more for those making more than $ 90,000 a year, rising to a whopping combined rate of 39.34 per cent for those earning more than $ 220,000.

TD: Fees for non-TD ATMs rose 50 cents to $ 2 on March 1; introduced a fee of $ 75 to transfer a tax - free savings account to another bank.