Sentences with phrase «low effective corporate tax rates»

An outdated, not fit for purpose Controlled Foreign Companies (CFC) regime, coupled with the «Check the Box» election, no exemption for foreign dividends, and pliant treaty partners like Luxembourg and Ireland (who can't compete unless they drop their Corporation Tax aspirations), and you have the perfect (tax) storm: very low effective corporate tax rate and long term tax deferral (there being no incentive for the likes of Apple to repatriate their profits to the US).

Not exact matches

RBC's capital markets division saw a 13 per cent jump year - on - year in net income to $ 748 million, primarily due to a lower effective tax rate largely due to U.S. tax changes and higher results in corporate and investment banking and global markets.

The tax bill lowers the corporate tax rate from 35 % to 21 %, eliminates the penalty under the Affordable Care Act for failing to have health insurance, a narrower estate tax, and cuts the top effective marginal tax rate for S corporations to a top rate of 29.6 percent, among other measures that gives the biggest breaks to the wealthiest individuals and companies.

Lower nominal — but higher effective — tax rates would eliminate bad incentives and bring in more corporate income tax revenue.

The deterioration in the deficit primarily resulted from lower corporate income tax revenues, down 16.3 % (in part reflecting higher refunds), lower GST revenues, down 7.6 %, lower employment insurance premiums, down 12.5 % (reflecting a decline in EI rates effective January 2017), and higher other transfers and subsidies, up 38.0 % (reflecting the timing of payments related to recent budget proposals).

The Congressional Budget Office puts the United States» current effective corporate tax rate at 18.6 percent, lower than that of some countries in Europe and Asia.

There was a lot of talk about how high our corporate tax rate was, but then the counter-argument was «Yeah, but the effective rate is much, much lower.

This being the reason our corporate tax rate at 30 % is one of the highest in the world but the effective corporate tax rate is only 12 %, one of the very lowest.

The Tax Cuts and Jobs Act of 2017 kept the low income housing tax credits (LIHTC) program, but its new, lower corporate tax rate has made the LIHTC program less effectiTax Cuts and Jobs Act of 2017 kept the low income housing tax credits (LIHTC) program, but its new, lower corporate tax rate has made the LIHTC program less effectitax credits (LIHTC) program, but its new, lower corporate tax rate has made the LIHTC program less effectitax rate has made the LIHTC program less effective.