Sentences with phrase «high taxation years»

* a reduction in annual taxable income during high taxation years through annual tax - deductible contributions.

Not exact matches

In 2015 - 16, there was an exceptionally large end - of - year accrual adjustment, which the Department of Finance attributable to aggressive tax planning by high - income earners in advance of the introduction of a new high - income tax bracket for taxation year 2016.

Within budgetary revenues, personal income tax revenues declined by $ 1.2 billion (0.8 %), largely reflecting the impact of tax planning by high - income individuals, which recognized tax liabilities in the 2015 taxation year before the new 33 per cent tax rate came into effect in 2016.

A Bit of History Earlier this year, the High Administrative Court of France was seized on behalf of several taxpayers, challenging the instituted regimen, in force since July 2014, related to taxation of bitcoin and other cryptocurrency - related transactions.

In this 53 year old historical piece, he points out that through history citizens have been led to believe that they should trade their freedom for security, something that inevitably will always link itself to higher taxation by the state.

In the latest budget, a decline of $ 1.7 billion is projected, primarily reflecting extraordinary tax payments made in the end - of - year accounting period in 2015 - 16 reflecting tax planning in advance of the introduction of the high - income tax bracket for taxation year 2016.

The Department of Finance attributes part of the higher - than - expected outcome for personal income tax revenues to tax planning by high - income Canadians to recognize income in 2015 in advance of the introduction of the new 33 % tax bracket for taxation year 2016.

Shockingly, the UK political establishment looks poised to loosen further what already looks like a very lax fiscal regime, at a time not only of straitened public finances and austerity (and a high burden of personal taxation), but also of extraordinarily high petroleum prices (2011 was the first year in history when the international price of crude averaged over 100 dollars per barrel, 2012 was the second, 2013 the third, and 2014 looks dead set to be the fourth).

So on personal taxation, we want to see a «triple - lock», where all tax bands increase each year by the highest of consumer price inflation, earnings growth or 2.5 %.

Armed with 200 years of taxation receipts and other economic indices from developed countries (mainly France, Britain and the US) he shows there is one economic law that approaches a constant: the rate of return on capital (r) is usually higher than the rate of economic growth (g).

Yes, by all means, keep working with the «regular» Republicans who have presided over 46 of the last 48 years, directly contributing to the greatest economic decline in New York history through high taxation and massive spending.

In 2007, the party abandoned its longstanding pledge to introduce a new 50p tax rate on the highest earners, and the following year called for a reduction in the overall burden of taxation.

One compensation is that districts next year will be allowed to raise more money through local property taxes, because the state's baseline cap restriction on taxation will go up to 2 percent — the highest limit since 2013 - 14.

high levels of property taxation and increasing poverty,» and that «City financial management over the past several years has been an outright disaster.»

The niche market, which is only 1 per cent of total passenger car market, was bumping from one regulatory or taxation hiccup or another since the past two years such as the Supreme Court ban on high end diesel vehicle sale in Delhi - NCR, note - ban and the short - lived GST boost.

To avoid high taxation, they can start tapping their RRSPs this year.

The new amendments define two additional tax rates, effective for taxation years ending after December 31, 2013: first, the income threshold for the highest tax rate (currently 13.16 percent) is reduced from $ 514,090 to $ 220,000.

In the last few years we have been involved in a number of high - profile proceedings (whether before tribunals or in court related proceedings), especially in the context of accountants / auditors, taxation professionals and lawyers (both solicitors and barristers).

The Ken R. Ashworth & Associates business and taxation law firm in Las Vegas was originally formed more than 20 years ago to fulfill our founder's commitment to provide the highest quality, most cost - effective legal services possible to our Southern Nevada clients.

Europe's highest law court first began looking into bitcoin taxation in June last year after the Swedish tax office challenged a court decision which ruled that transactions in the digital currency should be exempt from VAT, following a dispute with Daniel Hedqvist, a forum operator who at the time wanted to establish a bitcoin brokerage.