Sentences with phrase «in federal tax revenue»

While his promise to cut taxes, mostly to the benefit of upper income earners, will probably lead to a short - term boost in U.S. GDP growth, it also threatens to leave a significant shortfall in federal tax revenue down the road — as much as $ 6.2 trillion over the next decade.

If the graduation rate increased to 90 percent for just one cohort of students, the country would see a $ 7.2 billion increase in annual earnings and a $ 1.1 billion increase in federal tax revenue.

In the paper, «Plug - in vehicles and the future of road infrastructure funding in the United States,» Jerome Dumortier and Seth Payton, assistant professors in the School of Public and Environmental Affairs, and Matthew Kent, a former graduate student, assess the magnitude of the decline in federal tax revenue caused by plug - in vehicles and quantify the revenue that could be generated from a federal plug - in vehicle registration fee.

Not exact matches

By paying workers as independent contractors when they should be paid as employees, federal, state and local governments potentially miss out on tax revenue they would otherwise collect; this tax gap was the focus of a special report to Congress in 2011 and continues to be an area of focus today.

Canada is almost certainly in a recession, which will take billions out of federal coffers due to declining tax revenues.

The government expects the anti-smoke move will increase federal tax revenues by $ 685 million in 2014 - 15 — a major piece of the puzzle in Tory efforts to balance the books over the next two years.

In 2013, oil and gas accounted for 68 % of Russia's total exports, while duties on those exports, combined with taxes on mining, accounted for 50 % of the federal government's revenue.

«Canada's media and cultural industries are being severely damaged by the tax loopholes that benefit foreign digital companies and platforms at the expense of Canadian producers and workers and that cost the federal government at least $ 1 billion in revenues,» the union wrote in a statement on its website.

If firms act to reduce that tax base in response to an increase in the federal rate, then provincial revenues will fall, even if the provinces haven't changed their rates.

Tax revenue in the order of $ 80 billion over that period, of which only $ 6.7 billion would accrue to B.C. versus $ 36 billion to the federal government and $ 32 billion to the province of Alberta.

The Tax Foundation found that federal revenue would fall by $ 2 trillion if the corporate tax cuts are put in plaTax Foundation found that federal revenue would fall by $ 2 trillion if the corporate tax cuts are put in platax cuts are put in place.

Fourteen states have legal marijuana on the ballot in 2016, and a recent report showed that, under certain circumstances, legalization could generate $ 28 billion in tax revenue at the federal, state, and local levels.

Policymakers have bemoaned that companies make money in foreign companies but avoid having to pay federal tax on that income, which robs the U.S. Treasury of revenue.

Eliminating the state and local tax deduction would raise about one - quarter of the $ 4 trillion in revenues that some Republicans say they need to prevent tax cuts from creating a massive increase in the federal budget deficit.

If we assume the average federal tax rate on capital income is 25 per cent (most capital income is taxed in the higher 22 per cent, 26 per cent and 29 per cent tax brackets), this yields a revenue cost of $ 6.6 - billion, or 7 per cent of federal income tax revenues.

The company reported earnings and revenue for the first quarter that were roughly in line with consensus estimates, but did not provide much new color on an unfavorable tax allowance decision from federal regulators.

They found the federal treasury lost at least half a billion dollars in tax revenue that would have been paid had individuals not been able to funnel their personal income through corporations.

Section 162 (m) of the Internal Revenue Code imposes limitations on the deductibility for corporate federal income tax purposes of remuneration in excess of $ 1 million paid to the chief executive officer, chief financial officer and each of the three next most highly compensated executive officers of a public company.

If the Conservatives hadn't touched the federal corporate tax rate when they took office in 2006 — if they'd kept it at 21 per cent instead of lowering it to 15 per cent — government revenues would be $ 13 billion higher, the Canadian Labour Congress argued in a paper last January.

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.

Overview of federal tax receipts: the composition of federal tax revenues, the income distribution of tax shares and liability, and the changes in total tax burden and as a percentage of GDP over time.

«Each one percentage point cut to the corporate income tax rate costs the federal government about $ 2 billion in annual revenues,» wrote the authors, one of whom was CLC chief economist Andrew Jackson...

Nominal gross domestic product, the broadest measure of the tax base for federal revenue, is projected to be about 6 per cent higher in 2010 than in 2009, which should impact positively on federal revenues.

The federal tax schedule or table is a chart devised by the Internal Revenue System that aids the taxpayers in determining the federal income tax incurred for a particular year.

OTTAWA — The federal government stands to raise as much as $ 280 million in revenue off provincial carbon taxes in Alberta and B.C. in the next two years despite claims carbon taxes would be revenue neutral for Ottawa.

The federal tax schedule is constructed in accordance to the Internal Revenue Code of 1986.

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.

Ottawa — The federal budget missed an opportunity to recover up to $ 12 billion in tax revenue that could be invested in needed health and social programs, contends...

The payments and benefits provided under his executive agreement in connection with a change in control may not be eligible for a federal income tax deduction for the company pursuant to Section 280G of the Internal Revenue Code.

In summary, the likely results of sales - tax harmonization would be: huge savings for business, mostly unrelated to productivity - enhancing investment; slightly higher consumer prices;  lower provincial revenues; and $ 5 billion less for important federal programs.

Additionally, minority - owned businesses contribute close to $ 49 billion in local, state and federal tax revenues.

Nominal GDP, the applicable tax base for federal revenues, is projected to advance by 4.2 % in 2014, up from 3 % in 2013.

Evan Solomon: The government of Alberta, they point to these statistics: the oil sands creates $ 307 billion in tax revenue, $ 187 billion for the federal government, 23 % of employment is from oil sands, 7 % of employment in Canada from the oil sands and in Ontario alone, 7 %, they say, of employment comes from the oil sands and they say royalties of $ 1.9 billion fund programs across the country.

The federal Budget changed the rules a bit re the taxation of passive investment income in private corporations, but falls well short of what was promised in terms of extra revenues and more tax fairness.

Federal jurors in Philadelphia in January 2008 convicted Crim and two associates in a plot to have investors use phony trusts to cheat the IRS out of roughly $ 10 million in tax revenue.

If you are, say, Dalton McGuinty, Jean Charest or Christy Clark, you should adamently oppose any increases in federal corporate taxes since you'll bear, depending on your preferred model, some or all (and then some) of the cost of increased federal corporate tax revenue.

According to the report, New York contributed $ 12,914 per capita in tax revenue to the federal budget — but received $ 10,844 in per capita federal spending.

The federal review of tax expenditures was announced in last year's budget alongside a pledge to give the Canada Revenue Agency more money to fight offshore tax evasion.

Special tax treatment of dividend income costs a lot in terms of foregone government revenues, mainly benefits the very affluent, and thus merits serious re-consideration as part of the federal government's current review of tax expenditures.

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 yearIn other words, corporate income tax revenues as a share of federal government revenues are on track to rise by 15 per cent in five yearin five years.

For example, the federal government's most recent Fiscal Monitor shows that in the first eight months of 2011 - 12, corporate income taxes generated 10.6 per cent of total federal government revenues.

«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.

  In fact, as a share of our economy and of corporate profits, federal tax corporate tax revenues were 31 and 30 percent lower respectively last year than they were in 2007/In fact, as a share of our economy and of corporate profits, federal tax corporate tax revenues were 31 and 30 percent lower respectively last year than they were in 2007/in 2007/8.

In fact, as a share of our economy and of corporate profits, federal tax corporate tax revenues were 31 and 30 percent lower respectively last year than they were in 2007/In fact, as a share of our economy and of corporate profits, federal tax corporate tax revenues were 31 and 30 percent lower respectively last year than they were in 2007/in 2007/8.

Contrary to what the Prime Minister said, federal corporate tax cuts have led to a significant fall in corporate tax revenues.

Federal corporate tax revenues are expected to rise in coming years, but will remain well below the shares of corporate profits and the proportion of the economy they had been prior to these tax cuts.

This information indicates that a reduction of 3.5 points in the corporate tax rate in 2012 would lead to a loss of $ 6.1 billion in federal corporate tax revenues.

As the table below shows federal corporate tax revenues rose to $ 35 billion in 2013/14, but this was still 17 percent below the $ 42.2 billion they were in 2007/8 when our economy and corporate profits were respectively 17 and 15 percent lower (in current dollars).

While federal and provincial governments will continue to play an important role investing in infrastructure, they simply do not have the resources to meet the demand — pegged at somewhere in the neighbourhood of $ 500 - billion — without a large increase in tax revenues or drastic cuts to social programs.

According to the Washington, D.C. - based group, «building 100 single - family homes in a typical metro area creates 297 full - time jobs and generates $ 28 million in wage and business income and $ 11.1 million in federal, state and local tax revenue.»