Sentences with phrase «government more tax revenue»

Not exact matches

If real GDP were to increase at 10.3 % instead of 2.5 % in 2015, then the government should receive, at a minimum, an extra $ 6.6 billion in tax revenue thanks to economic growth (this calculation assumes that nominal GDP grows at the same proportion as real GDP; it is more likely that nominal GDP would rise even higher as such quick economic growth would be inflationary, pushing that $ 6.6 billion figure even higher).

As part of the explanation as to why Europe gives proportionately more ODA, Gunzburg noted that countries with bigger welfare states — like those for which the Scandinavian nations are famed — tend to pay higher taxes, leading to more government revenue that can be spent on aid.

Lost revenues from tax cuts, twinned with greater government spending, mean more borrowing to fund deficits.

Tax reform enacted late last year may encourage businesses to invest in more profit - maximizing opportunities which would lead to higher tax receipts (revenue) for the Federal governmeTax reform enacted late last year may encourage businesses to invest in more profit - maximizing opportunities which would lead to higher tax receipts (revenue) for the Federal governmetax receipts (revenue) for the Federal government.

The replacement of the federal manufacturer's sales tax with the Goods and Services Tax in 1991 removed economic distortions and provided the government with a more reliable and stable revenue sourtax with the Goods and Services Tax in 1991 removed economic distortions and provided the government with a more reliable and stable revenue sourTax in 1991 removed economic distortions and provided the government with a more reliable and stable revenue source.

A lower tax on land rents leaves more to be capitalized into bank loans, and hence inflates the price of housing — while government revenue is balanced by burdening labor and industry with income and sales taxes.

The AMT hasn't been adequately adjusted to catch up with inflation for years because the government knows this is a great way to generate more tax revenue from the middle class.

«A focus on supporting innovators will help the government generate more revenue than its proposed tax changes contemplate,» says John Ruffolo, CEO of OMERS Ventures and Vice-Chair of the Council of Canadian Innovators.

In 37 states, pension contributions plus state - funded Medicaid grew by more than state and local government tax revenue between 2007 and 2014, in real per - capita terms.

That suggests that weak domestic demand is becoming an increasingly significant source of disinflationary pressure, adding to the impact from falling world energy prices and the end of a period of administered price rises as governments sought to repair their finances by increasing revenue from sales taxes and charging more for services such as health care.

What's more, government forecasts show corporate income tax revenues climbing by roughly a third between now and 2015 - 16 — at which point they will account for 12.2 per cent of total federal budgetary revenues.

Plus it takes the government more than 20 % of tax revenue each year just to pay INTEREST on its debt — and that's at a time when rates are actually NEGATIVE.

«If they were at the same 21 percent share of corporate profits as they had averaged in the two decades before these cuts, the federal government would have about $ 25 billion more in corporate tax revenues annually.

Progressives will be expecting the government to deliver on its ambitious social agenda, and will note that this could be easily funded on the revenue side by implementing a modest corporate tax increase, by scaling back the so - called middle class tax cut, and by setting more ambitious targets for the promised Liberal review of tax loopholes for the most affluent.

On January 1, 1991, the previous Conservative Government replaced the federal manufacturer's sales tax with the Goods and Services Tax, thereby leveling the playing field between domestic producers and their foreign competitors and providing the federal government with a much more predictable and stable revGovernment replaced the federal manufacturer's sales tax with the Goods and Services Tax, thereby leveling the playing field between domestic producers and their foreign competitors and providing the federal government with a much more predictable and stable revenue batax with the Goods and Services Tax, thereby leveling the playing field between domestic producers and their foreign competitors and providing the federal government with a much more predictable and stable revenue baTax, thereby leveling the playing field between domestic producers and their foreign competitors and providing the federal government with a much more predictable and stable revgovernment with a much more predictable and stable revenue base.

A related and even richer source of revenue for the federal government would be to tax the capital gain on houses or, to be more specific, principal residences.

If I were running the government, I would see to it that school districts that serve the poor would have a larger share of the tax revenue than school districts that serve the affluent, for in the poor districts there is far more ground to be made up to provide the open equality of opportunity, and equality of opportunity must be a part of every just society.

If the Government was seriously considering a discriminatory tax on a particular food or drink to either raise revenue and / or attempt to tackle the growing waistlines of Australians, then the industry would recommend a broader tax reform through the GST, an increased emphasis on raising people's awareness of the whole diet, and programs to get people, especially kids, more physically active.

With the 2 percent limit on local property - tax levies in place, Comptroller Tom DiNapoli said that local governments may need to rely more on sales tax revenue to balance their ledgers.

Dr Bawumia recalled the record of the Kufuor - led NPP Administration which reduced corporate taxes to stimulate the private sector and create growth, which caused an increase in government revenue, and reiterated the pledge by the NPP to introduce more of such policies to create growth and jobs and further revive the economy.

The Managing Director of IMF, Christine Lagarde, advised government to ensure fiscal discipline and the need to restructure the tax system for more revenue generation.

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.

Passage of Proposal # 1 would also send more than $ 35 million in new tax revenue to the Capital Region, money that would be used to improve schools, help local governments fund critical services, and lower property taxes.

«Lower the tax rates, make government more efficient, get the businesses back here, get the private sector booming and then you will be able to fill the coffers when you're collecting road tax from more tractor trailers on the road, more gas tax from more people commuting to work, more sales tax revenue.»

Government watchdogs expressed concern that the budget added more than $ 700 million in new agency spending since January despite reduced tax - revenue projections from real - estate transactions and personal income taxes.

He is imposing more cuts in local government services by tying the state tax relief programs to municipal compliance with the 2 percent property tax cap while simultaneously freezing revenue - sharing aid to municipalities at 75 percent below its 1980s level,» Hawkins said.

And between January 2016 and March 2017, state and local governments in Washington and Oregon collected more than $ 80 million and $ 75 million, respectively, in tax revenue.

With $ 30 billion more in state revenue, we could restore full funding for public schools and colleges, pay for the state mandates on local governments through increased revenue sharing, cut regressive local property and sales taxes, and build the infrastructure and services of the Green New Deal.

Tax Reduction — With more jobs and more revenue coming in, theoretically, the government will need less money and can send some back to residents, Dilan said.

Our transit agencies must be more entrepreneurial in how they deploy their assets, whether it is air rights, advertising, retail rentals or working with municipal and county governments to negotiate a share of the increased tax revenues that result from new transit projects.

As the economy continues its tenuous recovery, sales tax collections could vary either way for local governments and is generally a more volatile source of revenue.»

Government estimates indicate this will lead to a rise in tax revenue, suggesting more people are therefore expected to take their pension pot as cash, while also accessing more of their pot earlier than they otherwise would have done.

No one absorbs a brief more quickly, and his early keynote speech, at the Royal Society of Arts, presented a polished denunciation of Coalition «myths» about Labour's record, as well as admitting that the Brown government became overdependent on City tax revenues.

Put another way, increase the tax «base,» as it were, by keeping more money in private hands and people will spend more and make more and the government will enjoy increased revenues borne of that increased consumption.

The finance industry contributes more in tax revenue to NYC's coffers than the city's own government employees.

The deals cost more than the government can never hope to recoup through increased tax revenues, he said.

Cuomo said New York and California continue to be the largest donor states to the federal government, sending much more to Washington in tax revenue than either gets back in federal services.

Adeosun affirmed that predictable tax revenue inflow would lead to more investment by the Federal and State Governments in infrastructure and job and wealth creation across the nation.

The trio also doubled down on claims that the bill, signed by President Donald Trump last December, was a deliberate attempt to punish left - leaning states which contribute more tax revenue to the federal government than they consume.

The national identification scheme and the national digital address system are part of the special policy initiatives by the government to formalize the economy, broaden the tax base, in order to rake in more revenue to make up for the abolishment of several «nuisance» taxes.

Progressive Taxes and Revenue Sharing to end the fiscal crises of our local governments and schools, Tuition - Free Public Colleges and Universities, Single Payer Health Care, $ 15 Minimum Wage, Public Banking, Union Co-ops, a Ban on Fracking, a Climate Acton Program scaled up to meet the crisis, and more.

If they revise down the Treasury's growth forecasts by 1 per cent of national income, the gap between tax revenues and spending increases by around # 10bn, meaning the government has to find more money from somewhere.

The idea was that private companies could more efficiently exploit and market Mexico's fossil fuels, expanding the overall tax revenue pool for the government.

Local governments now get about half of tax and other revenues, but are responsible for more than 80 percent of public spending.

In Wake, that may mean an increase in the property tax rate to increase revenue for the county government to pay for these additional teachers, but what is more likely to happen is a reduction in other parts of the school budget for teacher salaries.

Since then, S&P 500 revenues are up about 33 %, while taxes paid to foreign governments have increased by about 50 % (S&P 500 companies presently pay more taxes to foreign governments than to the U.S. government).

Lost revenues from tax cuts, twinned with greater government spending, mean more borrowing to fund deficits.

Further, IMHO, the age 71 requirement to convert a RRSP to a RRIF reflects more on the government's desire to begin collecting tax revenue from the account, than as a number that one ought to use as a retirement age.

At the two ends of the economic spectrum in any country, there are the usual stimulus and government spending programs which provide an artificial temporary boost and then there's the cutting of services, government employees, increases in taxes and other measures that bridge revenues and expenses more closely.

Lowering the corporate tax rate is the government's attempt to try and convince companies to keep more of their revenues onshore and not setup shell corporations overseas to shelter their income.