Sentences with phrase «control over income tax»

That began with implementing the Smith Commission proposals for full control over income tax, housing benefit and other modest powers — measures the SNP has repeatedly rejected as insufficient and inadequate but will take several years to come into force.

Plans backed by Gordon Brown to increase the Scottish parliament's remit — including giving it greater control over income tax, borrowing powers and criminal justice — are now in great doubt after the Queen's speech made only a fleeting reference to the proposals.

Brown's detailed proposals add to expectations that Lamont will announce next week that Labour will give Holyrood far greater control over income tax rates, cede control over some welfare policies to Holyrood, and devolve more financial powers to local councils.

A cross-party group of Welsh MPs has backed UK Government plans to transfer some control over income tax to the Welsh Government.

It has no control over income tax on savings income or dividends, nor does it decide who and what can be taxed (the tax base) or set the tax - free personal allowance.

Not exact matches

Income tax is to be devolved, but control over national insurance contributions and desired tax incentives for research and development are being kept in London.

It is worth noting that while people under age 65 in the U.S. live in a heavily market - dominated economy where poor employment outcomes mean poverty and a lack of access to health care, almost everyone over age 65 has most of their healthcare paid for by Medicare, (a FICA tax financed, single payer system that pays providers more or less the same rates as private insurance companies and has few cost controls), more than half of their nursing home costs paid by Medicaid, (which is stingy in how much it pays providers and moderately means tested), and receives enough of a guaranteed income from the combination of Social Security and SSI payments to keep the poverty rate for people age 65 +, (even if they have no retirement savings of their own), above the poverty line, regardless of the state of the local economy.

De Blasio's proposal would raise income taxes on New York City residents who earn over $ 500,000, which requires approval from both the legislature in Albany, where the State Senate is partially controlled by Republicans, and the signature of Gov. Andrew Cuomo, who has emphasized his desire to cut taxes in next year's budget.

The Liberal Democrats suggest that, «income tax paid by Scottish taxpayers should be almost entirely the responsibility of the Scottish Parliament» and should raise 50 % of the money it spends and have control over income, capital gains and inheritance tax.

The Scottish government's income tax powers do not include control over the tax - free personal allowance, which remains reserved to the UK government.

Immediately endorsed by David Cameron and Scottish Tory leader Ruth Davidson, they included devolving all control of income tax power to Scotland and various aspirations such as shifting housing benefit and handing over 10 % of VAT revenues.

This is the legislation which would transfer control over some taxes including income tax (following a referendum) as recommended by the Silk Commission.

Scotland's first minister wants control over minimum wage, income tax, national insurance and universal credit

Thus, as a public union, the NEA (so too the American Federation of Teachers), is, essentially, spreading around tax dollars, money over which the taxpayer has no control, an income redistribution effort that could easily be mistaken for a kickback or, in states where union membership and dues are not voluntary, a not - so - hidden and not - so - representative tax.

One of the main advantages capital gains have over other forms of investment income is that you control when you pay capital - gains tax.

One of the main advantages of the Canadian capital gains tax over other forms of investment income is that you control when you pay capital gains tax.

This will reduce tax on GIC / Bond interest income and give you more control over the timing of your tax.

With fixed deferred annuities, earnings accumulate tax deferred and are not treated as taxable income until they are withdrawn, which gives you a measure of control over when you pay taxes.

By naming American Humane Association as a beneficiary of a retirement plan, the donor maintains complete control over the asset while living, but at the donor's death the plan passes to support American Humane Association free of both estate and income taxes.

dog breeding in this country is out - of - control, hobby breeders are just as much a part of the problem, pay no taxes, report no income, don't want any rules or regulations trampling over their free unencumbered reign to bring more animals into the world while 5 + milllion are killed every year simply because there is no place for them... gim me a break!

By naming American Rivers as a beneficiary of a retirement plan, the donor maintains complete control over the asset while living, but at the donor's death the plan passes to support American Rivers free of both estate and income taxes.

According to the SEC, Defendant company failed to maintain internal controls over financial reporting related to controls on the company's gross - to - net reserve accounts and estimates and overstated net revenue and income from continuing operations before income taxes, both issues disclosed in Defendant company's restatement of... Continue Reading

The plan ensures a good return on the child's inheritance, maintenance of control over the money in the event it is needed later on, and non-reduction of the inheritance by income taxes and other fees.