The phrase
"new levy" refers to a new tax or fee that is imposed by the government or an authority. It means that people or businesses will have to pay an additional amount of money.
Full definition
Yesterday Deputy Prime Minister Nick Clegg signalled that the Government is ready to impose
new levies on banks and City bonuses.
«With the nation facing its longest period of belt - tightening since the war, the Deputy Prime Minister said the «top 10 per cent» — around 3million earning more than # 50,500 — should brace themselves
for new levies.
Coca - Cola European Partners unveils stevia - based Capri - Sun Coca - Cola European Partners has reformulated Capri - Sun with stevia as European drinks companies cut down on sugar ahead
of new levies.
Prices of the commodity on the world market has tumbled to under 40 dollars a barrel but
new levies imposed by the Finance Ministry have forced petroleum prices at the pump to rise sharply.
Those are consumer taxes only and don't include
groundbreaking new levies localities are charging communications providers that can't be passed on.
(Source: This article has been adapted from the article «Over 34s urged to take out health insurance
before new levy» that appeared on 4 march 2015 in rte.ie.)
The four
proposed new levies would bring in the $ 2 billion a year needed to fund over 400 kilometres of new and improved public transit, Metrolinx said.
NDP Leader Andrea Horwath wouldn't say if her party — which opposes
any new levies to fund transit — will support the legislation.
The longer we wait to enact a solution, the higher
the new levies required will need to go.
A new levy aimed at discouraging the use of polluting vehicles in central London is up and running.
Even as national governments accept that the current taxation system needs to be altered, the path forward is fraught with difficulties, with some countries warning that
a new levy could discourage digital use and push customers to products outside of Europe.
But they need the support of at least one of the opposition parties to pass it, and both the New Democrats and Progressive Conservatives say they oppose
any new levies.
The French government subsequently announced plans to introduce
a new levy on individuals earning in excess of $ 1 million a year.
In February, the B.C. government unveiled additional measures in its budget to tackle the housing market, including raising its foreign buyers tax and expanding it to areas outside of Vancouver, while bringing in
a new levy on speculators.
Billions have poured into Cyprus over the past few years, but in March the EU had to bail out the country's banking system, resulting in
a new levy on bank deposits $ 100,000.
The Singapore government this month imposed a higher stamp duty on foreign buyers,
a new levy on sellers of industrial property and a limit on loan sizes.
And
the new levies stand to be yet another blow to solar installers in the US on top of the 30 percent tariffs on imported solar panels the White House announced in January, a move that was meant to corner China and shore up US solar panel manufacturers.
Trump, in turn, cited Musk's tweet as justification for
the new levies during a press conference Thursday.
Tsipras needs to ensure his coalition, ranging from Maoists to Social Democrats, will back proposals he outlined Monday that include eliminating early retirement options, raising the sales tax, increasing taxes on middle - and high - income earners and introducing
a new levy for companies with annual profit of more than 500,000 euros ($ 568,000).
Low oil prices are taking a heavy toll on Saudi Arabia's economy, which is facing even greater austerity under deputy crown prince Mohammad bin Salman Al Saud's plans to raise $ 100 billion a year from subsidy cuts and
new levies.
The president told reporters earlier in the day that Canada and Mexico would be omitted from
the new levies upon successful negotiation of a new NAFTA accord.
Nevertheless, the clergy's approach disturbed me because it did not try to understand or respond to the position of the antitax forces who thought that
new levies would impede economic growth at just the time it was most needed.
But
the new levy essentially amounts to a tax on taste.
In England,
the new levy revenue will be invested in giving school - aged children a brighter and healthier future, including programmes to encourage physical activity and balanced diets.
How
the new levy will drive prices by as...
Worse still is that the government has no contingency plans in place if
their new levy, which from next year requires all employers with a pay bill over # 3 million each year, to invest in apprenticeships, simply doesn't work.
[66] He has advocated a «National Care Service», integrating care services into the National Health Service [67] Burnham's key economic policies in his leadership bid included
a new levy to fund social care, extending the higher minimum wage to all ages (it currently only applies to those over 25), and banning zero - hour contracts.
Tom Watson will outline plans to force bookmakers «driven by greed» to pay
a new levy to help fund NHS treatment of problem gamblers.
Explaining
the new levy to the people of Ile - Ife, the Chairman, Osun Internal Revenue Services, Mr. Dayo Oyebanji, said the money remained the only viable option to fasttrack infrastructural and economic developments in the state.
Most of this year's
new levies were included in a revenue bill passed by the Assembly in early July, which then stalled in the Senate for a month.
De Blasio is also currently battling to get Gov. Andrew Cuomo and the Republican - run State Senate to back his proposal for a «mansion tax,»
a new levy on home sales over $ 2 million, which he hopes would provide new revenues for senior housing.
Expressing serious concern on the propriety of
the new levy, Ajakaye said that the Church viewed the new tax as another burden on parents whom he said were already overwhelmed with taxes in different forms by the state government.
For the record, Assembly Minority Leader Brian Kolb, a Republican, stood tall: «The bottom line is that taxes are being raised» — as he and five colleagues voted against
the new levies.
Announcing the news to MP, Osborne said that the government would use the money from
the new levy to double the amount of funding dedicated to sport in every primary school.
We're going to use the money from
this new levy to double the amount of funding we dedicate to sport in every primary school.
He does not, however, appear keen to emulate President Barack Obama's
new levy, believing that banks will eventually take their cue from the United States.
A 0.5 % tax on the assets of the wealthy, modelled on the French system, and an «accessions tax» on the beneficiaries of estates will be considered by Liberal Democrats at their annual conference next month after the party leader, Nick Clegg, proposed
a new levy on the rich.
Speaking to the Financial Times, Mr Osborne said that a Tory administration would support
a new levy on banks — so long as it could be agreed by G20 countries — to protect the taxpayer from the costs of a future crisis.»
Banks will also face
a new levy and a cap on cash bonuses.
Don't think that
the new levy is all about big business, warns John Deaville.
And there would be no way under
the new levy swipe law to make up this shortfall.
Sadly, as we will show,
this new Levy Swipe Plan does not solve the problem.
The new levy rate for Seattle will be reduced to about $ 0.66 per thousand in 2019.
We will then compare how a rapid housing price drop would affect this school district under the Old School Funding System — where the maximum local levy rate is not fixed - compared to
the New Levy Swipe system — where the maximum State levy rate is fixed.
In other words, if voters agree to
the new levies, they would see a drop in local property taxes a full calendar year from now.
If you make additional deposits during that time such as direct deposit paychecks, the IRS has to issue
a new levy to get those funds.