Sentences with phrase «out of the tax system»

Still, we might reasonably look askance at a company that works so assiduously to squeeze every last dollar out of the tax system.

In the speech, Clegg emphasised in particular the number of people that have been taken out of the tax system under the coalition.

Not exact matches

Furthermore, it is important that we not get too distracted by the stimulus debate and work together to promote an agenda for long - term economic growth for the country, which should include reform of a tax system that has grown out of control, finalizing trade agreements, kickstart a lagging regulatory harmonization agenda and ensuring young Canadians have the skills to compete in a global market place.

For example, in «A Short History of the Income Tax,» John Steele Gordon points out that the U.S. income tax act of 1913 was only 14 pages long; by 1942, it had blossomed to 208 pages with over three - quarters of them «devoted to closing or defining loopholes» that tax lawyers and accountants were using to «game the system.&raqTax,» John Steele Gordon points out that the U.S. income tax act of 1913 was only 14 pages long; by 1942, it had blossomed to 208 pages with over three - quarters of them «devoted to closing or defining loopholes» that tax lawyers and accountants were using to «game the system.&raqtax act of 1913 was only 14 pages long; by 1942, it had blossomed to 208 pages with over three - quarters of them «devoted to closing or defining loopholes» that tax lawyers and accountants were using to «game the system.&raqtax lawyers and accountants were using to «game the system.»

Out of all the features of tax reform, the shift to a territorial system away from a worldwide one is probably the component that will have the longest - lasting ramifications.

Bogle told me that he favors a speculation and derivatives tax precisely because of market changes «in the last quarter century» and the fact that «we've taken almost all the friction out of the system.»

The numbers were impressive: a $ 25,000 - a-year employee who deposited $ 1,640 into an FSA — instead of paying it out directly for premiums, deductibles, and the like — could be expected to take home $ 19,782 after taxes — a full $ 370 more than if he'd stuck to the old system.

For the past week, Trump has blasted Bezos and Amazon for paying «little or no taxes» to various levels of government and for using the U.S. postal system as its subsidized «Delivery Boy» to put retailers out of business.

As one example, DelBello points out that huge nationwide institutions like banks service millions of loans through centralized computer systems, yet we need a separate tax assessor, tax collector, and various clerks and support staff for every town.

Find out more about how HSBC continues to support and comply with global initiatives to improve tax transparency and protect the integrity of financial systems:

During this period the Government of Alberta introduced a $ 15 minimum wage; appointed a gender - balanced Cabinet; replaced a system of regressive flat taxes with a progressive income tax system; laid out a responsible fiscal plan that rejected austerity; implemented an ambitious jobs plan; reformed the royalty system; ended predatory lending practices while strengthening the credit union system and ATB, Alberta's publicly - owned bank; and implemented a climate change leadership plan — among many other important reforms.

The reason I like the Cadillac tax is because it was the one feature that could start to push employers somewhat out of the system, but that one appears dead.

Other nations with territorial systems have tried to prevent companies from wriggling out of paying taxes, while tax experts have suggested proposals ranging from a minimum global tax to tighter rules to prevent companies from relocating their patents and copyrights to tax havens like Bermuda and the Cayman Islands.

Last month, President Trump expressed concern over Amazon, declaring, «Unlike others, they pay little or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.), and are putting many thousands of retailers out of business!»

He could raise the GST, but the Prime Minister has ruled that out; he could fulfill an election commitment by undertaking a serious simplification of the income tax system, which could yield substantial revenues (about $ 3 to $ 5 billion), but he seems reluctant to do that; or, he could take the easy way out and simply cut his fiscal prudence in half and «miraculously» free up $ 3billion annually for his cabinet colleagues.

My objections would have more to do with the lengths some might go to cut their taxes under such a system; selling stocks in droves right before tax season, giving gifts out to family and friends (perhaps with the intent to take them back after the tax man leaves), and of course, owning more assets outside of America.

Naperville residents who have tired of having to prove residency through utility or tax bills, will welcome a free identification card system Park District officials are set to roll out, beginning Friday.

As with any other peoples» money, you run them out eventually: your most productive people will leave the economy, and you have to tax the next most productive group progressively more until you end up with a system of 100 % UBI recipients.

Everybody knows that tax systems are somewhat arbitrary, few people willingly pay their taxes, and most would probably go out of their way to avoid them.

One of the more prominent supporters was the American Action Network, a conservative dark money organization that spent roughly $ 28 million for activities that included «carrying out grassroots organizing at town halls to build momentum for a tax system that lowers rates and prioritizes working families and jobs creators.»

I wouldn't support, for example, the abolition of tax credits without making sure that no - one lost out (which, going about it by changing the tax system and raising universal benefits would be very, very expensive).

The number of things done by government could be one measure (such as the number of tax returns or passport applications processed, or the number of prisoners in the criminal justice system) but how should we measure how well those functions are carried out, and how should we separate the effects of government reforms from those of technological and societal changes?

Over the past week I've heard the following arguments - they want to lift the poor out of tax, actually the main beneficiaries of this policy won't be the poor because they don't pay tax, but will instead be the middle class, anyway, on a point of principle we need to simplify the tax system, and we need to cut public services by # 80 billion per year, or maybe we don't.

The world's first Green Investment Bank putting millions into green jobs and growth; our youth contract to get every young person out of work earning or learning; more apprenticeships than this country has ever had before; major investment in areas facing difficulties from the Regional Growth Fund and greater freedom to boost jobs in our great cities; and we will take further steps to make our tax system fairer too.

So the Coalition is calling time on our unfair and out - of - whack tax system.

These achievements to date may not be sufficient to fund the raising of the income tax threshold to # 10,000, so Nick set out further ways in which the Coalition could rebalance the tax system — including the introduction of a General Anti-Avoidance Rule, and wealth taxes to make sure assets are fairly taxed.

She assured that the Ministry would continue to root out fraudsters from compromising the integrity of the tax administration and revenue collection system.

Notably, Cuomo failed to roll out one of the keynote items he promised earlier this year: A plan to shift the collection of taxes from an income - tax - based system to a payroll - tax - based system.

Jen knows that fully funded schools, healthcare for all, and a clean energy economy that creates good local jobs will remain out of reach unless our state representatives are willing to fix New York's broken tax system and pass legislation that helps working families.

«People who are very wealthy, particularly payers of capital gains tax, people on very high incomes who get substantial income relief under the income tax system should pay more, in order that poorer people and indeed people on middle incomes are lifted out of tax altogether.»

«Although the tax credits system is being phased out and gradually being replaced by Universal Credit, HMRC still has time to reduce the levels of error in the system.

While middle and working class Americans have been devastated by Great Recession, the wealthiest have done just fine, while their tax burden remains the lowest it's been in over 40 years.The last few months have seen the emergence of a counter-narrative which focuses attention on economic inequality and a tax system in New York State out of kilter with notions of fairness and equality.

After a long year of legislative face - plants and just one hour of debate, the House of Representatives voted to approve a massive overhaul of the nation's tax system and knock out a key pillar of the Affordable Care Act: the individual mandate.

«By every measure, Governor Cuomo's tax cap has successfully reined in out - of - control property tax increases and has been a key part of this administration's efforts to restore fiscal sanity to this state and bring accountability and rigor to our education system.»

Howie Hawkins, the Green Party candidate, has laid out how he would raise $ 34 billion: stop rebating $ 16 billion annually to Wall St. speculators from the stock transfer tax; raise $ 8 billion, and give 95 % of us a tax cut, by going back to the state tax system of 30 years ago; and raise $ 10 billion by a 50 % tax on bankers bonuses after we gave them trillions of dollars in bail out.

He even goes much further than Labour ministers ever dared by using the «R» word (redistribution) and spelling out exactly what he means — «a tax system that means people at the bottom end of the scale pay less and at the top end of the scale pay more».

The problem of figuring out how to localize income from intangibles, which was mostly dividend income until recently, is one of the important reasons that it has been hard for the United States to come up with a corporate tax system that integrates corporate level taxation and individual level taxation on dividends.

Murphy initially voted against the health care bill in the House last November, because he said «it did not adequately address the fundamentally flawed system,» but he supported the final health care bill in March, saying «it will stop the out of control growth of health care costs, protect our local industries and jobs from unfair taxes, and help small businesses create jobs.»

Rather than give businesses incentives to stay or expand, Hawkins would help them by cutting property taxes, lowering energy costs and taking health care costs out of their hands entirely by creating a statewide single - payer system.

ALBANY, N.Y. — New York state Comptroller Thomas DiNapoli's 2009 tax returns made public Monday show the Democrat's annual income rose by just $ 29, as he guided the $ 129 billion state pension system out of recession.

Where Gordon Brown shamefully scrapped the 10p tax band — a move that left up to five million of the poorest people in Britain worse off — Nick Clegg entirely correctly advocates taking the low paid out of the income tax system altogether.

In a range of proposals designed to show the coalition has not run out of ideas, Cameron and Clegg will set out plans for a flat - rate childcare voucher paid through the tax system, likely to be worth up to # 2,000 per child; a cap on the cost of social care; new help with mortgages; and transport investment through road tolls.

Strung out behind them is ineffective accountability and partisan political interventions in the implementation of the tax system,» he said.

The current system drains tens of millions out of the local economy of both counties in taxes.

Mr Cable was setting out a more «progressive» system of funding that includes proposals for a so - called «graduate tax».

5.25 pm: David Cameron has not ruled out using the tax system to partially compensate families who will lose out from the loss of child benefit.

Of thouse surveyed, 85 per cent said the Tories should make a commitment at the next election to take very poor workers out of the income tax system altogetheOf thouse surveyed, 85 per cent said the Tories should make a commitment at the next election to take very poor workers out of the income tax system altogetheof the income tax system altogether.

More than 2.6 million New York property taxpayers who receive the School Tax Relief exemption will soon have to re-apply for the benefits as part of a massive state undertaking to root out fraud in the 1.9 billion dollar system.

Do they wish to go down an old and trodden path with Supervisor Gromack that has taken the town to the second highest property taxes in the United States where senior citizens were to be sold out to protect the Town's reserve fund and its bond street rating, where the properety values of citizens living in the Town of Clarkstown would not be protected by implementation of a Ward System, where consolidation of purchasing functions with the County would not occur, and where systemic corruption would continue to grow as revealed by several arrests of individuals receiving compensation from the Town?

Incidentally, it's worth reading the Independent Q&A in full as Mr Clarke also addresses, among other things, his acceptance of party policy on recognising marriage in the tax system - «I am now directly exposed to the collective wisdom of my colleagues», his relationship with George Osborne - «he is cut out to be the next chancellor», and his previous involvement in the tobacco industry - «I am a strong believer in personal responsibility and freedom of choice».