If anyone can explain how a cap on the levy increase equals a cap
on the tax rate increase, then I'm all - ears.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses
on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced
increases in the build
rates of certain aircraft; 6) the effect
on aircraft demand and build
rates of changing customer preferences for business aircraft, including the effect of global economic conditions
on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange
rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact
on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact
on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns
on pension plan assets and the impact of future discount
rate changes
on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco
on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in
tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other thin
tax law, such as the effect of The
Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other thin
Tax Cuts and Jobs Act (the «TCJA») that was enacted
on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit
ratings; 22) our dependence
on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments
on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest
on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest
rates increase substantially; 27) the effectiveness of any interest
rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange
rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
Williams said the Heritage estimate was correct based
on the methodology the foundation used — the analysts estimated a carbon
tax rate of $ 36, which would
increase by 3 % each year from 2015 to 2035.
As for «peak earnings,» Michael Wilson, chief U.S. equity strategist and CIO of Morgan Stanley Wealth Management, said in a note to clients
on Sunday that» [W] e think the market is digesting the fact that the
tax cut last year has created a lower quality
increase in US earnings growth that almost guarantees a peak
rate of change by 3Q.»
The President pushed for a higher marginal income
tax rate,
increased taxes on investment income, and a rise in the Medicare portion of the payroll
tax.
Higher
taxes on top earners or
increased corporate
tax rates for firms with very high CEO - to - worker compensation ratios could rein in executive pay without adversely affecting workers or the economy, the report suggests.
By promising to
increase marginal
rates on the very wealthy — essentially by allowing some Bush
tax cuts to expire — Obama offered a path that, while not perfect, at least heads in the direction of future deficit reduction.
Three initiatives tied for most popular among the CEOs:
increasing the income eligible for the reduced small business
tax rate to $ 500,000 from $ 400,000, extending the capital cost allowance
on investment in manufacturing, and the $ 12 billion committed to infrastructure spending.
But nobody believes that when corporate
tax rates increase, corporations will react by gritting their teeth and carrying
on as before.
Pressure
on Big Food is
increasing, and a lower corporate
tax rate may make a company breakup cheaper.
- One is bad: The Medicaid expansion and means - tested subsidies
increase the marginal
tax rate on workers and disincentivize work.
In recent years, the Affordable Care Act and the bipartisan
tax negotiations in late 2012 have led to large
increases in
tax rates on high salaries and capital income, making the
tax code significantly more progressive.
President Barack Obama and Speaker of the House John Boehner are unlikely to reverse several scheduled
tax increases, including the 0.9 percentage point
increase in the Medicare
tax rate on wages and salaries of more than $ 200,000 for single filers ($ 250,000 for married filers); a 3.8 percent Medicare
tax on unearned income of higher income filers; and an
increase in the capital gains
tax rate.
«Our bill lowers the
tax rates and
increases the standard deduction so people can immediately keep more of their paychecks — instead of having to rely
on a myriad of provisions that many will never use and others may use only once in their lifetime,» the sponsors said.
We expect the
tax bill to offer moderate economic stimulus — various estimates suggest it could add 0.3 to 0.4 points to real GDP growth annually — primarily through
increased corporate investment in response to the higher after -
tax return
on investment resulting from the lower 21 % corporate
tax rate.
The CLC estimate is what you get if you assume that the only behavioural response to an
increase in corporate
tax rates is that firms» CFOs will grit their teeth and put bigger numbers
on the cheques they send to the Receiver - General.
They include upwards revisions in economic forecasts, expectation of monetary tightening, rising real and nominal long - term interest
rates, fiscal stimulus
on a huge scale in a full employment economy, rising protectionism that should choke off import flows, and
tax reform directed at reducing capital outflows and
increasing capital inflows.
Hillary Clinton
on Thursday announced an
increase to her proposed top estate
tax rate in her latest nod to Sen. Bernie Sanders.
These include reducing personal income
tax rates and
increasing the GST
rate; undertaking a review of the Equalization program to reduce regional disparities and eliminating regionally - differential employment insurance rules; leveling the retirement savings playing field; adopting a formal corporate taxation regime; taxation of interest payments received from active business income of foreign affiliates; and examination of tariffs
on imported manufactures and products.
«We were particularly encouraged to see fiscal discipline in light of the continued economic uncertainty seen elsewhere in Canada and the world, the establishment of a commission
on tax competitiveness to evaluate current taxation instruments like the provincial sales
tax, and proposed changes to the property transfer
tax to start addressing housing affordability by
increasing the exemption threshold and introducing a third
tax rate on higher - valued properties.»
U.S. Weighs Curbs
on Chinese Telecom Firms Over National - Security Concerns Fed Holds
Rates Steady, but Indicates
Increases Will Continue Amazon Threatens Seattle Over New
Tax...
A maximum cap
on the subsidy
rate for itemized deductions also reduces the incentive to give because it
increases the after -
tax cost of giving.
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to,
increased competition; the Company's ability to maintain, extend and expand its reputation and brand image; the Company's ability to differentiate its products from other brands; the consolidation of retail customers; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue growth in its key product categories,
increase its market share, or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's inability to realize the anticipated benefits from the Company's cost savings initiatives; changes in relationships with significant customers and suppliers; execution of the Company's international expansion strategy; changes in laws and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; failure to successfully integrate the Company; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions in the nations in which the Company operates; the volatility of capital markets;
increased pension, labor and people - related expenses; volatility in the market value of all or a portion of the derivatives that the Company uses; exchange
rate fluctuations; disruptions in information technology networks and systems; the Company's inability to protect intellectual property rights; impacts of natural events in the locations in which the Company or its customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's dividend payments
on its Series A Preferred Stock;
tax law changes or interpretations; pricing actions; and other factors.
The plan the authors propose — cutting the business
tax rate to 15 percent, allowing full expensing, offering a reduced
rate on repatriation, and
increasing infrastructure spending — could cost $ 5.5 trillion by our estimates.
We also note with concern that the new small business payroll
tax comes
on top of previously announced minimum wage
increase (of 34 % over four years), an
increase in the general corporate
tax rate of 9.1 %, a 14 %
increase to the personal income
tax rate of most «skilled professionals», and a previously scheduled
increase in the BC carbon
tax of 16 %, moving up a further $ 5 to $ 35 per tonne of GHGs emitted.
Georgia experienced a modest 0.5 cent gas
tax increase on Jan. 1 of 2018; the
rates will be revisited at the end of the year.
And even with the modest
increase contained in the proposed B.C. Budget
on incomes over $ 150,000, a person with an annual income of $ 300,000 would still pay the fourth lowest
taxes in Canada (only Alberta, New Brunswick and Newfoundland's effective
tax rates are mildly lower).
We will
increase the marginal
tax rate on Canada's top one percent so that we can cut
taxes for the middle class.
To offset the various revenue - losing provisions introduced Thursday, House
tax writers opted to
increase tax rates on foreign assets that multinational corporations move back to the United States.
No details were immediately available
on the measures, which are expected to include across - the - board
tax hikes, including raising the
rate of consumer
tax by one percentage point to 24 percent and
increasing taxes on fuel, coffee, alcohol, tobacco and hotel stays.
In fixed income,
rate hikes by the Fed have led to higher interest
rates on the short end of the yield curve, while longer - term
rates have remained more contained (despite recent
increases following
tax reform).
The
tax rate on dividends is scheduled to rise from 15 % to 43.4 %, an
increase of 28.4 %.
Ric McIver was riffing
on the by - now familiar point that the NDP govâ $ ™ t was not actually creating jobs but killing them with its new
taxes and the threat of royalty
rate increases and a carbon
tax, e...
Ric McIver was riffing
on the by - now familiar point that the NDP gov» t was not actually creating jobs but killing them with its new
taxes and the threat of royalty
rate increases and a carbon
tax, e...
Early advocates of these type of
tax cuts argued that lower
tax rates would
increase economic activity and thereby revenues. However, thereâ $ ™ s little evidence changes in
tax rates, except in more extreme cases, have a major impact
on real economic activity.
However, markets could react to Yellen's commentary
on future Fed actions, specifically future
rate increases and Republican
tax reform, says Michael Fratantoni, chief economist with the Mortgage Bankers Association.
While Madigan would have Illinoisans believe it would only be a
tax increase on the rich, recent history and Illinois» spending problems dictate the middle class would face
tax hikes under a progressive
tax system — where income is
taxed at increasingly higher
rates, rather than the current flat
rate of 4.95 percent.
In a last - ditch effort, legislators passed massive
tax rate hikes including a 32 %
increase on state income
tax and a 33 %
increase on state corporate
tax.
That's a tough sell at a time when public opinion has tilted sharply against cutting
taxes on the rich, and when a low unemployment
rate and Federal Reserve interest
rate increases have eliminated the case for fiscal stimulus.
Even if we assume that SNA loses its current
tax deductions and just pays the new statutory
rate of 21 %, that would be worth an additional $ 87 million based
on 2017 NOPAT, a 13 %
increase and a bump up in NOPAT margin to 18.5 % from the current 16.3 %.
Most of
tax reform has a direct revenue impact and probably could be enacted through reconciliation, but it would either need to be revenue - positive over the long run or else rely
on gimmicks, such as sun - setting
rate reductions or other revenue - reducing provisions, to avoid
increasing the long - term debt.
On Monday, the Finance Minister tabled a Ways and Means Motion to implement a reduction in the personal income
tax rate from 22 % to 20.5 % for those earning between $ 45,282 and $ 90,563 and to
increase the
rate to 33 % for taxpayers earning over $ 200,000.
The measure would effectively
increase Blackstone's
tax rate from fifteen per cent to thirty - five per cent, seriously eroding its profitability, and, according to the Joint Committee
on Taxation, would generate an extra twenty - six billion dollars over the next ten years.
The update focused
on fulfilling election promises such as removing the tolls
on the Golden Ears and Port Mann bridges and
increasing the general corporate income
tax rate.
Eliminating PST exemptions
on environmentally friendly products: The B.C. Liberals» HST doublecross resulted in a 7 - per - cent
tax increase on numerous environmentally friendly products, including bicycles and Energy Star
rated appliances and windows.
Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or
increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and
increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could
increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange
rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance
on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future
increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare
rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the
tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report
on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.
Seven Pennsylvania cities have independently
increased tax rates on land while imposing much lower
tax rates on buildings.
Strapped for funds in 1974, Harrisburg twice dropped
tax rates on buildings and twice
increased rates on land.
Similarly, they fantasize about taking in more revenue from the rich by
increasing the
tax rates on wealth.
«Reducing the company
tax rate is the central policy measure that can be taken to lift private - sector investment and
increase productivity, real wages and Australian living standards,» the Ai Group argues in its budget submission published
on Monday.