Sentences with phrase «sales tax decrease»

Not exact matches

Chafee has a mixed economic record in Rhode Island, raising its sales tax to reduce its budget deficit, and decreasing the state's corporate tax rate to seven percent from nine percent.

Combined with a decrease in personal income tax, a sales tax would lead to increased investment and economic diversification while capturing spending from out - of - province visitors, argued Dylan Jones, president of the Canada West Foundation, a Calgary - based think - tank.

A 1 percentage point reduction in tax rates increases investment by 4.7 percent of installed capital, increases payouts by 0.3 percent of sales, and decreases debt by 5.3 percent of total assets.

As a result of a decrease in energy costs and weakening of the Canadian dollar, sales tax revenue continues to decline which creates significant challenges for the county's budget.

Only one county in New York saw a year - over-year decrease in local sales - tax revenue.

Despite the temporary decrease VAT during the last Labour government the sales tax has slowly risen over the last two decades.

While property tax revenues are strong and increasing, other streams, like personal income and sales taxes, are virtually flat, and transaction taxes have decreased (all Q1 FY17 over Q1 FY16).

As for counties in other regions of the state that experienced sales - tax collection decreases, Butry offers a general explanation.

They had gone back to a 4 percent sales tax in 2015, January 2015, after a temporary decrease the year prior.»

For instance, heavily taxing soft drinks and candies could decrease the sales of these items.

If more revenue comes from property tax which, generally speaking, is a more stable stream than sales and income tax that comprise so much of the State's GF, the district will have less exposure to decreases in state - supported LCFF funding.

If you fail to meet IRS qualifications for your primary residence and must relocate due to uncontrollable circumstances such as a decrease in income or a job transfer, you may still qualify for a partial tax exemption on your home sale profits.

Reuse decreases energy consumption, saves the embodied energy of manufactured goods, reduces greenhouse gas emissions, conserves natural and man - made resources, provides quality products to those with limited means, offers businesses and individuals with tax benefits, and supplies sales taxes which contribute to the economy.

Those funds can only be decreased by purchases from NPCs and sales - taxes, I have not yet figured out how to destroy funds otherwise, though I would not wish to do so, it's too hard to «Earn» them.

• Reorganized budgeting and expenses processing systems by overhauling both procedures and introducing efficient modules • Implemented an automated VAT returns systems which decreased tax return inefficiency by 50 % • Introduced a dynamic, online income and sales systems which increased ease of calculations as opposed to the regular standalone one • Reconciled a lengthy income report, spanning 15 years within the record time of 3 days • Identified a discrepancy in the profit and loss account, saving the company $ 15000 in income unaccounted for • Introduced the concept of «suspense accounts», effectively ensuring compliance with standards accounting principles • Singlehandedly managed petty cash disbursement and bookkeeping for 5 departments across 15 offices, 3 of which were in countries outside the US • Audited an entire paper bookkeeping system within 15 days, well within the deadline of 25 days • Converted the paper accounting system into electronic, resulting in increased efficiency at 88 % • Led a series of training sessions to provide a solid accounting background to trainees and accounting interns • Suggested incorporation of client - related accounting information into the main client database, making it easy to follow up on defaulted clients • Acquired 85 % of all outstanding debits within 5 months, following dedicated follow - up procedures