Sentences with phrase «kind of tax benefits»

Roth IRAs offer a different kind of tax benefit.

Not exact matches

«We have set aside the resources to get the deficit under control and, we hope, in fact, we're counting on some kind of benefit for citizens from a tax point of view,» he said.

They also are far and away more likely to have the kinds of assets (home equity, TFSAs, RRSPs) that benefit from favourable tax treatment.

These benefits would (i) largely go to developers and contractors for infrastructure projects like new pipelines that would happen even without new incentives and so be highly regressive; (ii) raise costs by failing to reach the tax - free pension funds, sovereign wealth funds and international investors who are the most plausible sources of incremental infrastructure finance; (iii) not encourage at all the highest return maintenance projects like fixing potholes that do not yield a pecuniary return for investors; and (iv) by offering credits at an unprecedented 82 percent rate, invite all kinds of tax shelter abuse.

These benefits would (i) largely go to developers and contractors for infrastructure projects like new pipelines that would happen even without new incentives and so be highly regressive; (ii) raise costs by failing to reach the tax - free pension funds, sovereign wealth funds and international investors that are the most plausible sources of incremental infrastructure finance; (iii) not encourage at all the highest return maintenance projects like fixing potholes that do not yield a pecuniary return for investors; and (iv) by offering credits at an unprecedented 82 per cent rate, invite all kinds of tax - shelter abuse.

This kind of «pre-arranged sale» could reduce or eliminate the tax benefits to the donor of making the donation.

The conservative group Americans for Tax Reform, which backed the tax cut, has compiled a list of more than 100 companies that have announced some kind of financial benefit for employees resulting from the tax cTax Reform, which backed the tax cut, has compiled a list of more than 100 companies that have announced some kind of financial benefit for employees resulting from the tax ctax cut, has compiled a list of more than 100 companies that have announced some kind of financial benefit for employees resulting from the tax ctax cut.

Steven Nivin, chief economist of the SABER Research Institute, estimated the celebrations would create 1,300 new jobs, bring 263,000 more visitors in 2018, $ 4 million in tax revenue for Bexar County and the City, $ 8 million in in - kind media coverage, and $ 45 million worth of generated wages and benefits.

Whatever agencies oversee non-profits, or other kinds of corporations and companies, and can respond to complaints when non-profits especially are allegedly not functioning within the public interest, or there are other issues with governance, conflicts of interest, inurement (use of a tax - exempt non-profit for the private benefit or excessive benefit of someone with insider relationships), misuse of funds that were solicited to be spent on a specific designation project, etc..

This kind of thinking takes the fear out of the politicians minds as they are making incredibly ridiculous decidions in Washington, decisions that harm me (the one working and paying the taxes) and only benefit them.

For some it is a civil rights issue — tax benefits, spousal benefits and that kind of thing.

«We support the proposal to put in statute a definition of «trivial» benefits in kind to be exempted from tax.

It's also common to see charitable donations as being a kind of optional tax (both are a person spending their resources for the benefit of society, rather than themselves).

«People will tell us that the projects have great merit and were evaluated on those merits, and have solid public benefit, but when you have that kind of a coincidental correlation it raises real issues in the minds of the public and undercuts their confidence in the objectivity of how their tax dollars are being spent.»

The study by the scientists is one of the first to come up with real estimates of the health benefits and cost savings of this kind of a soda tax.

The government now offers two kinds of benefits: a dependent - care tax credit — equal to 20 to 30 percent of expenses, depending on parents» income level — that limits expenses to $ 2,400 for one child or $ 4,800 for two or more children; and so - called «salary reduction plans» that permit parents to have day - care costs withheld from their salary and reimbursed by employers without being taxed.

Although the 40 - year - old statute appears to have been the only one of its kind in the nation, officials from nonprofit institutions across the board, including boarding schools and private colleges, had expressed fears that if Maine's approach were upheld, more states might seek to provide greater tax benefits to institutions that mostly serve in - state residents.

Benefits in kind are not included under RTI so employers will still be required to submit forms P9D, P11D and P11D (b) following the end of each tax year.

The eco-star of the Volvo V40 line - up is the D2 diesel engine, which emits just 88g / km for a Benefit in Kind tax rating of just 14 per cent.

The diesel claims an economy figure of 67mpg and CO2 emissions of 110g / km, resulting in a tax bill of just # 20 a year and a 20 % Benefit - in - Kind (BiK) rating for company car buyers.

CO2 emissions of 105g / km mean it qualifies for 26 % Benefit - in - Kind (BiK) company - car tax liability.

Every version of the C3 will cost # 140 a year to tax, while company - car drivers should seek out the 1.2 - litre PureTech petrol, thanks to its low 19 % Benefit - in - Kind (BiK) band.

Official economy stands at 25mpg and CO2 emissions of 258g / km equate to road tax the top 37 % Benefit - in - Kind (BiK) band for company - car drivers, making the RC F more expensive to run than both the M4 and RS5.

There's a hybrid model promised which should answer questions on that score, but meanwhile company car drivers will be looking at a top - rate 37 per cent Benefit - in - Kind bracket and an associated annual tax bill that's knocking on the door of # 25k — assuming users are in the highest «additional rate» income tax band.

This makes it one of a thinning breed of sports cars to boast a Benefit - in - Kind (BiK) tax rating lower than the 37 % maximum — good news if you want to run a Boxster as a company car.

That puts it in the 27 per cent Benefit in Kind (BiK) tax bracket for company car buyers, three percentage points ahead of the more powerful D5 version.

In A7s fitted with 19 - inch alloy wheels, it can return up to 60.1 mpg and emits 122g / km of CO2 (equivalent to a 26 % Benefit - in - Kind tax rate for business users).

Company - car users will find that it offers the lowest Benefit - in - Kind (BiK) tax rating of the range, at 30 %.

Official fuel consumption is pegged at 30.7 mpg, while CO2 emissions of 214g / km mean you'll pay # 295 a year in road tax and be liable for a Benefit - in - Kind rate of 37 %.

Expect a Benefit - in - Kind rate of 24 per cent, which means a tax bill of # 3,138 for higher rate taxpayers.

While that doesn't make a difference to the road tax paid by private motorists — it's # 140 a year across the board — Benefit - in - Kind rates of 23 % and 25 % make the Punto an unappealing company car choice.

CO2 emissions of 106g / km for the CLA 200d automatic place it in the 23 % Benefit - in - Kind (BiK) company - car tax band.

Spending the company's money is a different story though, and if you opt for the most expensive V12 version, you're looking at an annual Benefit - in - Kind tax bill of nearly # 29,000.

Although it's based on the regular diesel - engined version of the Outlander, this PHEV model is a petrol - electric hybrid, which means ultra-low CO2 emissions and low benefit - in - kind car tax.

Those who cover a higher annual mileage might prefer a diesel, and the entry - level 148bhp 2.0 - litre is a great all - rounder, with up to 74.3 mpg possible, combined with CO2 emissions of 106g / km for a 23 % Benefit - in - Kind (BiK) company - car tax rating.

Still, emissions of 133g / km mean the Clio is a relatively good value company car — falling into the 25 per cent Benefit in Kind (BiK) tax band.

The fairly modern 1.2 - litre turbocharged petrol can manage 58.9 mpg and emits 112g / km of CO2 for a competitive 23 % Benefit - in - Kind (BiK) company - car tax liability, while those who seek greater economy and lower emissions can choose the the petrol - electric Toyota Auris Hybrid.

The most powerful 2.0 - litre diesel MultiJet II with 168bhp will do less to the gallon, and predicted emissions of 148g / km of CO2 suggests a Benefit - in - Kind tax band of 31 per cent.

Road tax will be an identical # 140 a year, while a Benefit - in - Kind band of 25 % is comparable to a diesel family hatchback, so should prove affordable for any GTI company - car drivers.

This results in a tax disc costing just # 30 and company car tax benefit - in - kind rates of just 10 %.

In reality, all three cost the same # 450 a year in road tax (for the first five years of ownership) and sit in the most expensive 37 % Benefit - in - Kind (BiK) band, making them a costly choice for company - car drivers.

The new unit emits a more competitive 117g / km of CO2, which means it qualifies for free road tax in the first year and attracts a benefit - in - kind taxation of 17 per cent.

Of course, running costs are higher, with fuel consumption of just 25mpg, road tax costing # 450 annually and the X5 M in the top 37 % Benefit - in - Kind band for company - car driverOf course, running costs are higher, with fuel consumption of just 25mpg, road tax costing # 450 annually and the X5 M in the top 37 % Benefit - in - Kind band for company - car driverof just 25mpg, road tax costing # 450 annually and the X5 M in the top 37 % Benefit - in - Kind band for company - car drivers.

Company - car drivers will like this engine for its low Benefit - in - Kind (BiK) tax rating of 21 % — the lowest in the diesel Octavia range, although this only applies to models with 16 - inch alloy wheels.

Still, CO2 emissions of 228g / km mean a high Benefit in Kind tax bill if you're lucky enough to use the NSX as a company car.

In case you have a very indulgent boss — or more likely own the company — business users choosing the Huracan will be looking at a 35 per cent Benefit in Kind charge based on the purchase price, which translates to monthly tax payments of a little over # 2,100.

Although these payments aren't included in your taxable income, they can affect the taxation of Social Security benefits or, for certain kinds of bonds, cause you to pay alternative minimum tax (AMT).

If a mutual fund holds stock more than a year and sells it for a capital gain, for example, part of your dividend from the mutual fund will be treated as long - term capital gain, allowing you to benefit from the lower tax rates that apply to that kind of income.

When you do, it counts as income and you pay taxes on it, and (this is the kicker) you get reduced benefits for all kinds of stuff because you've made «that much money.»

These are not the kind of special tax benefits that provided the motivation to create the AMT, but Congress designed the tax to exclude these benefits, and they've become the main generators of AMT liability.