Sentences with phrase «for lost tax revenue»

We estimate an 800 billion SEK (120 billion USD) lower - bound estimate for the lost tax revenue from an early phase - out policy.

The county would compensate towns, villages and school districts for lost tax revenue as a result of the freeze, he said.

Among the items discussed were a task force to address the local concerns surrounding the closing, how local communities would be compensated for lost tax revenue as well as where replacement power would come from, Murphy and Galef said.

In addition to the aforementioned reasons (to finance governmental spending and make up for lost tax revenue), the Treasury has wanted to hold a more robust cash - balance position as a matter of prudent policy in order to protect against a potential interruption in market access.

Not exact matches

«Although I don't subscribe to the view that the tax cuts pay for themselves,» he says, «there's considerable evidence to suggest that the increased investment they produce will generate extra revenues to offset a substantial share of those lost to the tax cuts.»

Though most states theoretically require consumers to track and pay sales tax on purchases even if the tax isn't collected by the vendor, that rule has gone largely unenforced, leading to billions in lost revenue for cities and states.

The protesters argued that the city's lost tax revenue directly impacts funds for public programs for the indigent.

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.

The front page of Fridayâ $ ™ s National Post reported, «The Conservatives will encourage the five provinces that do not have harmonized sales taxes — Ontario, British Columbia, Saskatchewan, P.E.I. and Manitoba — to take part by setting up a $ 5 - billion trust fund that would compensate them for lost revenue over the phase - in period.»

While it's possible that the resulting economic development would make up for those losses, even 50,000 well - paying jobs might not make up for billions in lost tax revenue.

[fn.3] Since the starting point for many state income tax calculations is either federal adjusted gross income or federal taxable income, a dollar - for - dollar tax credit might lose the state revenue.

Compounded with increasing the cooperate tax rate, losing revenue neutrality is a competitive disadvantage for B.C.'s businesses including energy intensive trade exposed sectors.

The state lost tax revenue, and welfare costs for inmate - related families added still another layer of expenditures that governmental agencies had to build into their expanding criminal - justice budgets.

«The Internal Revenue Service today announced that approximately 275,000 organizations under the law have automatically lost their tax - exempt status because they did not file legally required annual reports for three consecutive years» (http://www.irs.gov/uac/IRS-Identifies-Organizations-that-Have-Lost-Tax-Exempt-Status%3B-Announces-Special-Steps-to-Help-Revoked-Organizations)

In an era where marginal tax rates are already much lower than in the 1970s and with looming deficits, the promise that growth effects will make up for the lost revenue will only fool those who want to be fooled — and 2012 proved that they are not numerous enough.

In return for de-annexing the Orland Park properties, the Mokena Park District is to receive $ 600,000 in payments over the next four years from Orland Park to help offset some of the property tax revenue the Park District will lose.

In 2010, teen pregnancy and childbirth accounted for at least $ 9.4 billion in costs to U.S. taxpayers for increased health care and foster care, increased incarceration rates among children of teen parents, and lost tax revenue because of lower educational attainment and income among teen mothers.

Reed noted, of course, raising taxes to make up for the lost revenue from the federal government is an option but he doesn't believe state lawmakers would do that to constituents already facing a heavy burden.

I can not be alone in thinking that it would be more beneficial for the government to be spending their scarce pennies on recovering lost VAT and creating an education programme to make it easier for individuals - and businesses - to fill in their tax forms correctly, when a massive two - thirds (65.9 %) of the lost revenue comes from these areas.

Over time, the value of lost sales tax revenue would outstrip the Medicaid savings for an ever - growing share of counties.

The city wants the state to move forward with private development of the tax - exempt land or compensate it for the lost revenue.

Gambling companies have argued for years that New York loses billions of dollars a year to casinos in Connecticut and New Jersey, costing the state jobs and tax revenue.

«The major theme for everybody is taxes, and we have to focus on achieving better PILOT funding,» Santangelo said, referring to «payment in lieu of taxes,» a compensation for revenue lost due to tax exempt property.

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.

Governor Pataki's original $ 54 billion request for federal assistance asked for $ 9 billion to cover lost tax revenues.

«It is also essential that the Governor and New York business, labor and civic leaders work with President Bush, the New York Congressional delegation, and the leaders of the U. S. House and Senate to secure direct federal assistance for the tax revenue that the state is losing as a direct result of the September 11 attacks,» said Mauro.

We agree that it should be based on the «potential lost revenue» model from the existing civil penalties for inaccuracies in returns and that it should apply to each tax year separately.»

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.

To compensate for that lost revenue, the city's property tax bills can be staggering.

The GOP is using the additional revenue gained by capping the SALT deduction to lower taxes for its constituencies (i.e. corporations and those with large estates to pass on) while keeping the total revenue lost below the $ 1.5 trillion limit that Republicans set.

And it would divert excess money from a new fund designed to compensate municipalities for revenue lost due to changes in the motor vehicle tax, generating $ 94.6 million.

Collins, during the recent health care debate, sought to shift the local costs of Medicaid outside of New York City on to the state, prompting Cuomo to threaten to impose a tax on counties to make up for the $ 2.3 billion in lost revenue to the state.

Rep. Whit Betts, R - 78th District and the delegation's senior member, said he'd call for eliminating the state income tax on Social Security, and contended that doing away with public campaign financing would offset most or all of the lost revenue.

Local budgets lose out Corning Inc.'s reduced property taxes mean less tax revenue for nearby municipalities, at least in the short term.

If the economy takes off, and the stock market continues to grow, that could be very positive for New York's economy — offsetting any lost revenue as a result of tax migration.

Currently, city taxpayers claim the credit on their New York City income tax forms, and the state reimburses the city for the lost revenue.

This means it covers the direct cost of low - carbon subsidies, energy efficiency and carbon taxes, as well as indirect costs due to strengthening grids, backing up intermittent renewables, compensating conventional generation for lost revenue through the capacity market and savings due to the merit - order effect, which pushes down wholesale electricity prices.

Yet the United States already bears costs from our broken education system, including higher crime rates, additional expenses for health - care and public - assistance programs, and lost tax revenue as well as the untold costs of telling generations of children in chronically under - resourced, low - performing schools: «You don't matter!»

In 2010, the Florida legislature's nonpartisan Office of Program Policy Analysis and Government Accountability estimated that Sunshine State taxpayers saved $ 32.6 million, which is approximately $ 1.44 in state education funding for every dollar lost in corporate income tax revenue due to credits for scholarship contributions.

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.

Indiana has lost millions in tax revenues due to the state tax credit scholarship alone, the Chicago - based Center for Budget and Tax Accountability has reporttax revenues due to the state tax credit scholarship alone, the Chicago - based Center for Budget and Tax Accountability has reporttax credit scholarship alone, the Chicago - based Center for Budget and Tax Accountability has reportTax Accountability has reported.

«The result, according to OPPAGA, is that for each $ 1 lost through corporate tax credits, the state saves $ 1.49 in general revenue.»

But because a lot of Indiana schools are losing money because of a statewide property tax cap — more than 30 lost enough revenues to qualify for state help — you really need a working knowledge of how a district's budget gets built.

In states where Amazon has lost the sales tax argument at the hands of lawmakers who are eagerly trying to make up for revenue lost in the recent economic downturn, the online giant has attempted to make amends with legislatures by investing in jobs and distribution centers in return for coming to a consensus on the issue.

Here's the answer in a nutshell: you would lose tax refunds related to the calendar year in which you file for bankruptcy, as well as refunds from any earlier years that had not yet been processed by Canada Revenue Agency.

OTTAWA — A new study says the Conservative government's plans to double contribution limits for tax - free savings accounts would cost billions in lost tax revenue and primarily line the pockets of wealthy Canadians.

The Oakland Chamber of Commerce has said that sales have dropped 40 % at surrounding businesses as customers are afraid of being harassed going downtown (this also means lost revenue for the city in terms of sales taxes)

I called the Internal Revenue Service at 1-800-829-1040 to ask if I could take a tax loss this week on my amended filing of a Fiscal Year 2015 Form 1040X return for my lost Massachusetts unemployment insurance claim worth $ 7000 over a 26 week period which I was denied today.

Everyone loses on mortgage foreclosures; mortgage lenders take losses on each foreclosed home, affected homeowners face credit problems for several years, and communities lose property tax revenue when blighted vacant homes and adjacent properties lose value.

The reason for this speculation is that, despite the fact that «lost tax revenue» to the government, courtesy of pre-tax defined contribution plans is eventually made up decades down the road when retirees withdraw their savings and pay taxes then, it doesn't count in the «budget scoring process.»