Sentences with phrase «tax decreases in»

Under the Residential Tenancy Act — section 131 (1) it states that any significant tax decreases in a residential complex must be passed on to the

Under the Residential Tenancy Act — section 131 (1) it states that any significant tax decreases in a residential complex must be passed on to the tenants in the form of a rent reduction.

He took credit for the two consecutive tax decreases in 2015 and 2016, but neglected to mention that was a result of efforts by the Legislature.

«Not only do we have the lowest debt of any town in Suffolk County, we had a tax decrease in 2017, and I predict there will be no increase in 2018.»

Not exact matches

But Paul tweeted that the tax bill would decrease the size of the federal government, which in his eyes makes it worthwhile.

According to Congress's Joint Committee on Taxation, the Tax Cuts act, signed in December, will decrease expected revenues by a total of $ 1 trillion over the next 10 years, an average of $ 100 billion annually, even after any boost to growth and incomes from lower taxes.

The decrease in income tax expense was primarily driven by the lower U.S. corporate income tax rate, partially offset by the inclusion in the prior year quarter of a $ 15 million benefit from the resolution of prior year tax matters.

The decreases in individual tax rates, on the other hand, are smaller and less certain, with rates set to revert back to current levels by 2026.

Put another way, despite all the good things about B.C.'s carbon tax (and it got some laudatory words in the OECD report), it's barely stringent enough to fit into the IEA's 450ppm path and it's not likely to be stringent enough to see BC's emissions decrease between now and 2020 (see Table 17).

The global drop in oil prices, while terrible for Wall Street upon first blush, has yielded a decrease in gasoline prices that may act as a massive tax cut for those who have reaped very few benefits from the economic recovery.

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.

The global drop in oil prices, while terrible for Wall Street upon first blush, has yielded a commensurate decrease in gasoline prices that may act as a massive tax cut for the very people who have, so far, reaped very few benefits from the economic recovery.

You can choose to record depreciation at a higher rate early in the life of your fixed assets, decreasing income, and therefore taxes.

But most analyses have found that most Americans» tax burdens will decrease in the near term.

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.

«That's very notable in comparison with the rest of the country to have an actual decrease in general fund taxes and general fund spending.

Plain cigarette packaging could lead to fewer smokers, but fewer smokers would mean a significant drop in revenue, requiring other taxes to increase or government spending to decrease.

(2) Adjusted to eliminate SBC expense (as adjusted for the income tax reduction attributable to SBC expense), expense related to contingent compensation, foreign exchange losses as adjusted for the reduction in income tax attributable to the losses, losses from repurchases of convertible debt (as adjusted for the related decrease in income tax), amortization of debt discount (as adjusted for the related reduction in income tax).

Last month, Governor Jack Dalrymple called for a decrease in the state budget, since tax revenues are down and the budget outlook for the state is different from two years ago, when the price of oil was topping $ 100 per barrel.

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.

Impact on oil and gas production: compared to a carbon tax, Alberta's policy offers emitters less of an incentive to reduce production in order to cut GHGs, notes Leach: «assuming that the facility reduced production by 10 percent, and that emissions decreased proportionately (a simplifying assumption), the facility's emissions intensity would not change, so its carbon liability per barrel of oil produced would also remain constant.»

Income tax expense increased $ 0.6 million from 2008 to 2009, primarily as a result of a decrease in pre-tax loss in 2009 compared to 2008.

A second paper in 2010 found a slightly smaller effect (a 0.5 to 0.6 percent decrease in wage rates per 1 percent increase in corporate tax rates) but still concluded that labor was ultimately paying the tax.

The Conservatives have already legislated a decrease in the small business tax rate to 9 per cent by 2019.

The committee was glad to see no increase to business tax rates, however, the budget proposes that the small business rate will remain at 10.5 per cent (the rate was set to decrease to 9 per cent in 2019).

In a tax policy speech Wednesday in Missouri, Trump singled out Kelly's work to decrease the number of illegal border crossings when he was secretary of homeland securitIn a tax policy speech Wednesday in Missouri, Trump singled out Kelly's work to decrease the number of illegal border crossings when he was secretary of homeland securitin Missouri, Trump singled out Kelly's work to decrease the number of illegal border crossings when he was secretary of homeland security.

Corporate income tax revenues were down $ 0.4 billion, due to the reduction in the general corporate income tax rate, largely offset by a decrease in refunds, while «other revenues» declined by $ 1.4 billion.

on a pro forma basis, giving effect to (i) the automatic conversion of all of our outstanding shares of convertible preferred stock other than Series FP preferred stock into shares of Class B common stock and the conversion of Series FP preferred stock into shares of Class C common stock in connection with our initial public offering, (ii) stock - based compensation expense of approximately $ 1.1 billion associated with outstanding RSUs subject to a performance condition for which the service - based vesting condition was satisfied as of December 31, 2016 and which we will recognize on the effectiveness of our registration statement in connection with a qualifying initial public offering, as further described in Note 1 to our consolidated financial statements included elsewhere in this prospectus, (iii) the increase in accrued expenses and other current liabilities and an equivalent decrease in additional paid - in capital of $ 187.2 million in connection with the withholding tax obligations, based on $ 16.33 per share, which is the fair value of our common stock as of December 31, 2016, as we intend to issue shares of Class A common stock and Class B common stock on a net basis to satisfy the associated withholding tax obligations, (iv) the net issuance of 7.6 million shares of Class A common stock and 5.5 million shares of Class B common stock that will vest and be issued from the settlement of such RSUs, (v) the issuance of the CEO award, as described below, and (vi) the filing and effectiveness of our amended and restated certificate of incorporation which will be in effect on the completion of this offering.

S. Senate Majority Leader Mitch McConnell in March for championing Kentucky Bourbon at the federal level, including passage of the first decrease of the federal tax on spirits in generations.

The pro forma consolidated balance sheet data gives effect to (i) the automatic conversion of all of our outstanding shares of convertible preferred stock other than Series FP preferred stock into shares of Class B common stock and the conversion of Series FP preferred stock into shares of Class C common stock in connection with our initial public offering, (ii) stock - based compensation expense of approximately $ 1.1 billion associated with outstanding RSUs subject to a performance condition for which the service - based vesting condition was satisfied as of December 31, 2016 and which we will recognize on the effectiveness of our registration statement in connection with this offering, as further described in Note 1 to our consolidated financial statements included elsewhere in this prospectus, (iii) the increase in accrued expenses and other current liabilities and an equivalent decrease in additional paid - in capital of $ 187.2 million in connection with the withholding tax obligations, based on $ 16.33 per share, which is the fair value of our common stock as of December 31, 2016, as we intend to issue shares of Class A common stock and Class B common stock on a net basis to satisfy the associated withholding tax obligations, (iv) the net issuance of 7.6 million shares of Class A common stock and 5.5 million shares of Class B common stock that will vest and be issued from the settlement of such RSUs, (v) the issuance of the CEO award, as described below, and (vi) the filing and effectiveness of our amended and restated certificate of incorporation which will be in effect on the completion of this offering.

Every year of slow growth decreases the amount brought in from payroll taxes.

In the current - year quarter, the tax rate decreased from 42.9 percent to a negative 35.1 percent reflecting the one - time favorable net tax benefit recorded as part of the Act.

The decrease in gross margin was the result of lower portfolio margins from a higher mix of operating leases and higher transaction taxes, partially offset by higher margins on lease extensions and lower bad debt expense as a percentage of revenue.

Still, for a given level of home country bias, increased corporate income tax in that home country is likely to decrease the level of investment in that country.

Florida Insurance Commissioner David Altmaier announced Tuesday he approved an average 1.8 percent decrease in 2018 rates as a result of the federal tax overhaul approved in December.

Adjusted EPS decreased 1.1 percent to $ 0.90, mainly reflecting growth in Adjusted EBITDA that was more than offset by a higher effective tax rate versus the prior year period.

-- When changes in the composition of families are taken into account — including fewer adults per household as family sizes decrease — the real after - tax income of middle - class families increased 30 per cent from 1976 to 2010 — on par with other income groups, but still lower than the top earners

He said that was in line with the bank's guidance, which had been for a SFr200 million reduction for each percentage point of tax rate decrease.

In response to the fact that people are paying more in federal taxes, those governments could choose to decrease their local tax rateIn response to the fact that people are paying more in federal taxes, those governments could choose to decrease their local tax ratein federal taxes, those governments could choose to decrease their local tax rates.

Filers with incomes over $ 500,000 would be greatly affected, but their loss in deductions would also be offset by the decrease of the top income tax rate (from 39.6 % to 37 %), the doubling of the estate tax deduction and cutting the capital gains rate from 23.8 % to 21 %.

They consider four sources: (1) increases in actual and expected dividends; (2) perceived probability and the fact of a reduction in the corporate tax rate; (3) decrease in the U.S. equity risk premium; and, (4) an irrational price bubble.

With the race for the Conservative Party nomination in Calgary - Signal Hill in less than 10 days, the Rob Anders campaign has broadcast a new robocall praising the incumbent MP for decreasing the federal Goods and Services Tax.

Foreclosures lead to decreased home values in neighborhoods, lost property tax revenues, and increased costs to local government.

«It would be reasonable to expect the average price of homes that middle - class buyers acquire to decrease in line with the amount of the tax increase.

Dampening the impact of these factors were higher personal income tax revenues, up 13.6 % (reflecting in part the timing of receipts), and lower employment insurance benefits, down 10.7 % (reflecting a decrease in the number of unemployed).

The Liberal Party announced they would introduce pay equity legislation, increase funding to Family and Community Support Services and reinstate the Charitable Donation Tax Credit, which was decreased in the recent budget.

The new law, rather than seeking to harmonize international taxation (which could decrease the outsized role of tax in decision - making), instead casts the United States as Rocky making a comeback in the global fight for capital investment.

Assuming that each dollar contributed reduces federal taxable income, and that a reduction in federal taxable income correspondingly decreases state taxable income, we can determine the minimum credit percentage states should offer to incentivize participants as a function of the federal and state marginal tax rates.

Such a huge decrease in the top income tax rate for LLCs would suddenly make condo development a lot more appealing in relation to rental development.

You would be able to carry the loss back to a prior year's income, if there was taxable income within the past three years (taxes paid in that period would be refunded immediately) or the losses could be used against future income to decrease the taxes payable in those future years.