Sentences with phrase «losing tax revenue from»

Though New York City has lost tax revenue from the securities industry, property owners and hotels are picking up the slack when it comes...

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

Chiasso officials are hoping that the expanding cryptocurrency industry can replace lost tax revenues from the diminishing local banking sector.

The cost of lost tax revenues from individuals, small businesses and other corporations would be about $ 258 million.

Not exact matches

Saskatchewan's premier, Brad Wall, wasn't keen; the province stood to lose tax revenues and didn't relish seeing the province's pre-eminent company fall to come - from - aways.

But the lost tax revenue is significant, and that's got states actively working on ways to collect from remote sellers.

Airlines lose $ 586 million, governments are down about $ 150 million in taxes and fees and lost revenue from hotels, parking, taxis, limos and airport purchases are conservatively about $ 90 million.

That increase would help offset the $ 1.4 trillion in revenue that would be lost from cutting the corporate tax rate, another part of both the Senate and House plans.

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

Additional stabilization from unemployment insurance, although smaller in total magnitude than that from the tax system, is estimated to be eight times as effective per dollar of lost revenue because more of the money is spent rather than saved.

In the end, states have not collected any additional sales tax revenue, and actually lost income tax revenue from the impacted affiliate marketers.

On another occasion when after a revival in Wales the clergy resolved to put away their concubines, the bishop actually forbade them because he would lose the revenue derived from the tax on such infractions of the canon law.64 The abolition of clerical concubinage was a major item on the docket alike of the Protestant and the Catholic reformers of the sixteenth century.

To quell theprotests, clubs have experimented with a variety of methods to increase income.Some catered to outside parties, but a year ago the Internal Revenue Serviceruled that any private club that derived 25 % of its income from nonmemberswould lose its nonprofit tax status.

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.

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.

That seems implied by your comment that the «state's tax climate also matters» and adding that the state faces a $ 4 billion deficit, plus additional lost revenue from federal changes to health care and tax policy, which is estimated to be over $ 2 billion.

«If we did lose this revenue, because we'd still be required to provide the programming, we'd have to either cut from elsewhere in county government or raise taxes,» Poloncarz said.

The challenge to Cuomo came from Catherine Nolan, Rory Lancman and Barbara Clark, all of Queens, who argued that vital health - care and education spending would be lost if the $ 4 billion - plus in annual revenues produced by the «millionaire's tax» is allowed to expire at the end of the year.

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.

Attorney General Eric Schneiderman and New York City Corporation Counsel Zachary Carter are seeking $ 180 million from Atlanta - based UPS, saying the cheap cigarettes increased smoking by New Yorkers while also costing $ 29.7 million in lost tax revenue.

Mr. Dunleavy, who has been critical of the proposed zone change in the past, said after the event that he supports the Family Community Life Center, but on the issue of the housing, he said the town needs to get payments in lieu of taxes from the church, because the town is losing $ 500,000 to $ 600,000 per year in tax revenue otherwise.

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.»

Figures I commissioned from the House of Commons Library suggest that this could be costing us # 4.7 billion pounds a year in lost tax and national insurance revenue, and extra benefits and tax credits including 1.8 billion pounds a year on Housing Benefit alone.

He's lost $ 25 billion from state revenue,» she said, referring to tax cuts under Cuomo's tenure.

«It's not on my agenda,» Cahill said prior to the press conference, referring to accusations from Hein and others that he had thwarted passage of a sales - tax extension that could mean upwards of $ 26 million in lost revenue to county and local governments next year.

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.

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.

The superintendents cite a study from the fiscal watchdog group the Empire Center, which finds that if just 250 of the highest income New Yorkers leave the state due to the resulting higher taxes, the state could lose $ 500 million in revenue.

The Town of Lewiston, Niagara County Legislature and the villages of Lewiston and Youngstown, as well as the Lewiston - Porter school district, have voiced their dissent despite the risk of losing out on the millions of dollars in revenue from taxes and fees that CWM would pay over the lifetime of the new landfill.

And where is the lost revenue from lower taxes coming from?

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!»

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.

The lost wages and tax revenue from stores and others businesses that shut down early Monday and kept employees home Tuesday, in anticipation of something far more... dramatic.

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

That's sparked grumbling from hotels — and from localities that lose out on tax revenue.

I'll quote from some of the skeptics below, but first let me reiterate the point that Ottawa will eventually get any tax revenue it may lose by raising RRSP limits now.

How can we believe the denialists when their funding comes from a group that have a captive market and can raise «taxes» without losing revenue (unlike governments)?

But the Netherlands, Belgium and Spain have already dropped taxes on air travel, under pressure from the airline lobby, and after the revenues failed to meet predictions due to lost business as travelers made plans to avoid the extra charge.

In this analysis, I will calculate federal revenues lost, largely from tax credits, according to the numbers in the government reports from the GAO and CRS.

Another $ 53.9 billion was in lost revenue from tax incentives — with the bulk coming from the foreign tax credit companies can claim for taxes or royalties paid to other countries.

«The government thinks it's losing $ 15 billion in write - offs every year from everyone trading up, but they're not going to bring any of that tax revenue back if they eliminate like - kind exchanges.