Sentences with phrase «much tax revenues»

I've gone through the exercise of estimating how much tax revenues could be expected to be generated from an increase in corporate income taxes a couple of times (here and here).

Amazon's annual letter to shareholders shed some light on just how much tax revenue isn't being collected, and the numbers were stunning.

Airbnb has been bragging about how much tax revenue it generates for the city.

In a study for the Fraser Institute, Economist Stephen T. Easton attempted to calculate how much tax revenue the Canadian government could gain by legalizing marijuana.

The government keeps gushing about how much tax revenue they're collecting.

Officials did not immediately have an estimate on how much smoking costs the city or how much tax revenue cigarette taxes generate.

The comptroller's office used survey findings and figures from Colorado and Washington, which started allowing marijuana sales in 2014, to estimate how many New Yorkers smoke pot regularly, how much they would spend if it's legalized and how much tax revenue those sales could generate.

In December, Schenectady officials reported that they wouldn't be getting as much tax revenue as they had expected from Rivers.

Then there are the efforts to discourage defined benefit plans, which came about because the IRS felt that they were losing too much tax revenue to overfunded plans.

The government, likewise, says it doesn't know how much tax revenue it may be losing because sellers are inappropriately claiming the capital - gains exemption on a primary residence when they don't actually live in Canada.

Not exact matches

Pfizer posted slightly higher sales and a 14 percent jump in profit in the first quarter, thanks to lower restructuring costs and a much - lower tax rate, but its revenue still missed Wall Street expectations.

How much of that revenue would actually be subject to income tax is difficult to say, however.

Though Canada's provincial revenue volatility troubles have much more to do with resource royalties than personal income taxes, Alberta and Newfoundland could perhaps learn a thing or two from the trials and tribulations south of the border — and how the smartest states are trying to fix the problem.

Barros explained there was no development slated for that land otherwise, and thus, Boston would reap much more in property tax revenue from the land with GE there than without it.

Trump's plan to tax pass - through income at 15 % could cut tax revenue by as much as $ 1.95 trillion over a decade, a report said.

While the lower tax rate gives Amazon an advantage over brick - and - mortar retailers in Alabama, local governments are not getting as much revenue as they could be receiving.

The administration contends tax cuts would spur so much economic growth that the resulting new revenues would help offset the cost of the cuts.

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.

Much like the title suggests, this part of a cash flow analysis comes from the regular ebb and flow of your business and focuses on the net income (revenue minus the costs of goods, expenses, taxes, etc.).

Earlier this week, the Globe and Mail's Economy Lab published a piece by Stephen Gordon arguing that high income and corporate taxes won't generate much revenue.

The Notley government has already done plenty to increase revenues, including corporate tax hikes, bigger rates for high - income earners and a much - maligned new carbon tax.

«If those with seriously illnesses are going to be subsidized, and there is widespread agreement in Congress that they are going to be subsidized, I think [it's] far better for that to happen from direct tax revenue rather than forcing a bunch of other people to pay much higher premiums,» Cruz told me last week.

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.

In theory, such choices are designed to attract other industries to the province in much the same way that Texas, which has no state income tax, tries to use its oil revenues to convince companies in footloose industries, like electronics, to set up shop in the state.

Budgetary revenues closed at $ 241.9 Â billion, compared to $ 236.7 in the budget, with corporate income tax up 12 % (don't worry about corporations paying too much, we're giving them tax cuts).

In contrast to Alberta's largely cosmetic Specified Gas Emitters Regulation that does little to curb emissions or raise revenue for the province, British Columbia has implemented a much more comprehensive carbon tax.

Income Trust Conversions: Estimated Federal and Provincial Revenue Effects By Jack M. Mintz (1) The recent announcements by TELUS and BCE have given rise to the question as to how much federal and provincial taxes have been reduced by corporations converting into income trusts.

â $ œPrime Minister Stephen Harper made the correct observation that Canada collects as much corporate income tax revenue today as it did earlier when rates were much higher.â $ â $ «Jack Mintz

These «Filthy Five» tax loopholes contribute to growing inequality in Canada and starve the government of the revenue much needed for health and social programs.

They also considered the revenue losses under a range of scenarios depending on how much lower the tax rate is for spouses or children who receive income and dividends compared to the company owner.

PBO is forecasting much stronger growth in personal income and therefore higher personal income tax revenues offset to some extent by slower growth in corporate profits and thereafter lower corporate income tax revenues.

Much of that projected earnings increase is coming from tax cuts and some from expectations that companies» revenue would grow at a nice clip as global growth stayed strong.

With an end - date in sight, the wealthy can take advantage of various means to defer their income until the top tax rate returns to 14.7 per cent, thereby undermining the ability of the new tax to raise as much revenues as it should.

But, as seen in the Figure above, because income taxes have been cut, the province's reliance on income tax revenues have dropped by one third over the last decade, so much so that income taxes now raise about the same amount as sales taxes.

Such businesses «have created much - needed jobs, tax revenue, and economic development opportunities throughout our state.»

Taxing authorities in Colorado calculate tax rates based on how much revenue they need.

Another key difficulty in forecasting personal income tax revenues is that the taxable base is much broader than its underlying economic tax base, as measured by Statistics Canada.

If the end - of - year accrual for personal income taxes comes in lower - than - expected, then budgetary revenues would be lower than forecast in the FES, by as much as $ 4 billion.

In contrast, the year - over-year growth rate in corporate income tax revenues to date is much higher - than - forecast in the March 2011 Budget.

As we saw starting in 2014, when the international price of oil dropped, the much - lauded Alberta Advantage of using unreliable resource revenues to subsidize short - sighted tax cuts quickly became the Alberta Disadvantage.

Put simply, the Laffer curve illustrates what happens when the government raises taxes too much — theoretically, it ends up bringing in less revenue than before the tax hike.

And so for example, if you look at U.S. government debt, which is the one almost everyone always talks about, most people aren't sitting there worrying about how much debt does Amazon have, when you look at government debt, interest payments on government debt as a percent of GDP or as a percent of tax revenue, currently because interest rates are relatively low, are very low, are running half, literally half of what they were in the second half of the»80s and the first half of the»90s.

The budget calls for tax reform that largely mirrors the House GOP's «Better Way» plan, though it does not mention much of the aspects that would pay for the changes in «Better Way» or other ways to make up for the revenue loss from the rate reductions it calls for.

Today's tech giants have profited greatly from the world they're disrupting, without returning much to society save for the tax revenues they try hard to minimize.

On January 1, 1991, the previous Conservative Government replaced the federal manufacturer's sales tax with the Goods and Services Tax, thereby leveling the playing field between domestic producers and their foreign competitors and providing the federal government with a much more predictable and stable revenue batax with the Goods and Services Tax, thereby leveling the playing field between domestic producers and their foreign competitors and providing the federal government with a much more predictable and stable revenue baTax, thereby leveling the playing field between domestic producers and their foreign competitors and providing the federal government with a much more predictable and stable revenue base.

H.R. 1, known as the Tax Cuts and Jobs Act, would make sweeping modifications to the Internal Revenue Code, including a much lower corporate tax rate, changes to credits and deductions, and a move to a territorial system for corporations that have overseas earninTax Cuts and Jobs Act, would make sweeping modifications to the Internal Revenue Code, including a much lower corporate tax rate, changes to credits and deductions, and a move to a territorial system for corporations that have overseas earnintax rate, changes to credits and deductions, and a move to a territorial system for corporations that have overseas earnings.

1) Charities spend their income on necessities, such as food and utilities, which ever - so - slightly re-orients our economy toward recession - resistant products, rather than luxuries 2) Charities spend their money quickly, but on independent schedules, making for a smoother stimulus effect on the economy 3) Charities make purchases tax - free, meaning that $ 1 spent by a charity generates a full $ 1 of private economic activity; furthermore, much of those tax revenues are recovered as income tax on the grocery stores, utility companies, etc. that might not have received that income otherwise 4) Charitable giving is by far the most democratic way to improve society; from birth control to bombers, government assuredly spends money on something you don't like, and charitable giving restores your say - so 5) Charitable donations are tax deductible, meaning you keep those tax dollars in your local community 6) Charitable donations provide the funds necessary for volunteers to serve the needy, thus giving «the average citizen» a chance to meet and interact with the needy, breaking down stereotypes

In an era where marginal tax rates are already much lower than in the 1970s and with looming deficits, the promise that growth effects will make up for the lost revenue will only fool those who want to be fooled — and 2012 proved that they are not numerous enough.

Not only will it create jobs and bring in much needed revenue without raising taxes but it will also deal a major blow to organized crime which has a stranglehold on the illegal gambling industry with an estimated $ 380 billion wagered annually.

The state and federal money is expected to help several suburban communities improve their recreational facilities, thus attracting more residents and much - needed tax revenues.