Sentences with phrase «revenue by raising taxes»

Governments create the need for high - quality advice as they find new ways to replenish their sources of revenue by raising taxes and increasing regulation, while new businesses as well as established companies look to minimize their obligations.

Not exact matches

The campaign plan expected «proposals on trade, regulatory and energy policy would raise economic output and revenues» to offset most of the remaining shortfall, as cited by the Tax Policy Center analysis.

The draft, seen by Bloomberg, was circulated on Friday and outlines how a targeted levy on gross revenues would increase the tax bill digital giants face, as the bloc seeks to raise money from an industry it says provides less than it should to public coffers.

That tax would fund half - priced MetroCards by using $ 250 million of the revenue that the tax would raise.

«So what my co-author and I wanted to explore was exactly what the impact was of this introduction of withholding that happened from 1948 - 1976 at the state level on income tax collections, and the kinds of revenues that are being raised by state governments as a result.»

debt obligations of the U.S. government that are issued at various intervals and with various maturities; revenue from these bonds is used to raise capital and / or refund outstanding debt; since Treasury securities are backed by the full faith and credit of the U.S. government, they are generally considered to be free from credit risk and thus typically carry lower yields than other securities; the interest paid by Treasuries is exempt from state and local tax, but is subject to federal taxes and may be subject to the federal Alternative Minimum Tax (AMT); U.S. Treasury securities include Treasury bills, Treasury notes, Treasury bonds, zero - coupon bonds, Treasury Inflation Protected Securities (TIPS), and Treasury Auctitax, but is subject to federal taxes and may be subject to the federal Alternative Minimum Tax (AMT); U.S. Treasury securities include Treasury bills, Treasury notes, Treasury bonds, zero - coupon bonds, Treasury Inflation Protected Securities (TIPS), and Treasury AuctiTax (AMT); U.S. Treasury securities include Treasury bills, Treasury notes, Treasury bonds, zero - coupon bonds, Treasury Inflation Protected Securities (TIPS), and Treasury Auctions

The House version of the plan makes several changes to the tax code aimed at generating revenue by raising rates on higher education.

Lauzon said revenues raised directly by the carbon tax would remain in the province where they are raised.

The Act repeals the «Pease» limitation, whose original intent was to raise tax revenue by increasing the taxable income for high - income earners.

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.

There have been reports by the Broadbent Institute (the Kesselman study) as well as the Parliamentary Budget Office that also raise concerns about how over time the implementation of the expanded limit will increase the size of the tax exempt base and erode future government revenues.

The reconciliation bill also initially delayed but did not repeal the so - called «Cadillac tax» on high - cost insurance plans to avoid revenue loss outside the budget window, but an amendment repealing it was adopted by an overwhelming bipartisan vote and no Byrd rule challenge was raised despite its deficit impact.

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.

While the NDP has signalled that they will only raise the price of carbon once mandated to by the federal government, the platform is unclear as to whether the current revenue neutrality of the carbon tax will be maintained.

A 15 percent year - on - year increase in oil prices in FY19 is likely to raise state oil tax revenues by 0.13 percent of GDP, HSBC estimates.

In other words, if we stipulate that the new administration will do as it promised, raising the tax rates of the rich, we can expect with high probability that the revenues actually paid into the IRS by these same rich will decline.

In 1986 lotteries accounted for an average of only 3.3 percent of the total revenue raised by lottery states — far below the amount raised by income and sales taxes.

The tax regime has been shaped by conflicting objectives: to raise revenue, to discourage excessive drinking and to meet the demands of politically powerful groups, most notably hotels, clubs and the wine industry.

The new tax would raise about $ 3 billion above and beyond the state revenue raised by a 7.5 per cent state mining royalty and the income tax that they pay the commonwealth on profits earned.

Since Illinois income tax forms are based on the federal forms, loophole closing measures at the federal level will raise state revenue by up to $ 100 million a year, the commission staff found.

Grayslake Mayor Pat Carey was «dumbfounded» last November when a proposal to issue $ 6.8 million in alternate revenue bonds to build a swimming pool and community center was rejected by voters, even though it would not have raised taxes.

Wood's comments substantiate those made by the Institute for Fiscal Studies, which warned an independent Scotland would need to cut spending by # 6 billion or significantly raise taxes due to declining oil revenues.

The king could therefore use the increasing prerogative power of the monarchy to raise revenue by arbitrarily adjusting fines, taxes, and feudal obligations (or «incidents»).

Your editorial also oddly criticized the budget both for continuing state tax cuts for the middle class and for actions to protect public health by raising revenues from large corporations, including from pharmaceutical companies that helped create the opioid crisis.

«Real localism will only be achieved by delivering real powers, including a range of tax - raising and revenue - generating powers for local authorities.»

Raise Taxes: The most obvious way to pay off debts is to increase revenue and this can be done by raising or levying new taxes or tarTaxes: The most obvious way to pay off debts is to increase revenue and this can be done by raising or levying new taxes or tartaxes or tariffs.

[43] The SSP made a written submission which called for wide - ranging fiscal autonomy, with all tax revenues raised in Scotland to be spent by the Scottish Parliament.

To make sure revenue meets expenses without borrowing, Mangano wants to increase by an undetermined amount the $ 55 surcharge on traffic tickets adopted last year, to raise $ 35 million, and hike fees for filing tax verification — now $ 355 — and block maps — now $ 300 — by $ 100 each, to raise $ 25 million.

Districts are restricted in the amount of local revenue they can raise to fund school programs by state property tax caps, which took effect in 2012.

The MTA needs a dedicated revenue stream through a new and permanent tax on millionaires in the regions served by mass transit, as well as cash raised from the closure of the carried interest loophole.

The amount of revenue raised by taxes slowed down significantly in the last half of 2013, with preliminary figures showing even slower growth this year, the Rockefeller Institute of Government found.

A report released by Comptroller Tom DiNapoli's office on Friday raised the possibility of potential budget gaps in coming years as a result of increases in spending, tax cuts and one - shot revenue sources in the current - year spending plan.

The cut to the payroll tax was a concession by the governor to the suburban Republicans who control the State Senate, in exchange for sign - off on an overall revenue plan that technically violates their past promises not to raise taxes.

The tax exemption was vigorously sought by the Long Island - dominated Senate Republicans, and Cuomo's concession on that score helped get them on board with a revenue plan that technically breaches their promise to not raise taxes.

Senate Republicans bowed to the idea as a revenue - raising move, though they beat back an attempt by Assembly Democrats to boost the tax rates even higher on high - income earners.

The revenue bill passed by the Assembly originally included a provision designed to raise $ 50 million imposing state income tax on the investment income of nonresident partners in New York - based hedge funds — a move Mayor Michael Bloomberg called «the best thing that ever happened to Connecticut,» whose governor immediately invited New York firms to move to her state.

It is possible for one to actually raise more revenue by reducing taxes to stimulate production.

Despite Senate Republican claims that tax hikes proposed by Cuomo were eliminated, the new budget was put together with a number of sizeable revenue - raising items that avoided the term «tax,» but comes with the same effect.

The State Journal reports Macco says the goal for reform will be to keep it revenue neutral by lowering taxes in one area and raising taxes elsewhere.

«Raising the stakes on tax avoidance», a consultation document published by HM Revenue and Customs, sets out a number of proposals relating to the promotion and use of so - called high - risk avoidance schemes, aimed at reducing the use of such schemes.1 Commenting, CIOT President Stephen Coleclough said: «Those members of the public who become end users of high risk avoidance schemes are sometimes misled by the promoters of such schemes and are not fully made aware of the risks or consequences of their decisions.

The government response also rejects the idea that substantial tax revenue could be raised by taking the # 6 billion per annum cannabis market out of the black economy:

June 15th 2009 - The Calman Commission, chaired by the University of Glasgow's chancellor Sir Kenneth Calman, calls for the Scottish parliament's accountability to be improved by giving it more responsibility over the raising of tax revenues.

Seattle's wealthiest will become the only Washington state residents to pay an income tax under legislation unanimously approved by the City Council, a measure designed as much to raise revenue as to open a broader discussion about whether the wealthy pay their fair share.

«We can generate more revenue from this tax simply by making it more transparent and equitable, without having to raise rates.»

The party says its manifesto is fully costed for day - to - day revenue spending, with money raised by adding a penny to all rates of income tax and dividends tax, reversing planned cuts to corporation tax and cuts to capital gains tax, and legalising and taxing cannabis.

And the new tax would fund half - priced MetroCards for low - income New Yorkers by $ 250 million of the revenue the tax would raise, covering as many as 800,000 New Yorkers based on their income levels.

Sources close to the governor said they were confident the budget will include another plan to raise money for cash - strapped MTA by retaining a hefty portion of the new tax revenue generated when the city ups an assessment on properties in designated areas directly because of subway and rail service improvements in those areas.

B is all non-property tax revenue and C is the amount of money needed to be raised by property taxes.

Cuomo also floated the idea of raising revenue by taxing nonprofit health insurance corporations that are bought out by, or convert to, for - profit companies, and those who received a «windfall» from the federal tax plan, which went into effect earlier this month.

Vos said he was disappointed with the road funding — he had pushed for raising more revenue by raising the gas tax or raising vehicle - registration fees rather than borrowing more money — but pledged that the Assembly would not return to the floor next week to adopt any Senate changes.