For example the fuel
tax escalator was introduced around 8 years ago, the renewables obligation on energy about the same and if you drive intro London the congestion charge has become the Emissions charge.
Don't forget that
tax escalator clauses are valid in Massachusetts leases.
If this is in the US,
tax escalator clauses are not uncommon, but I've never seen someone try to tack on insurance / utility increases.
In March 2008, then - Chancellor Alistair Darling introduced a four year
tax escalator under which the duty rate on all alcoholic drinks was set to increase by two per cent above the rate of inflation.
Not exact matches
The average
tax paying investor is now running up a down
escalator whose pace has accelerated to the point where his upward progress is nil.»
NDP promises include a two point cut in the small business
tax rate (already implemented in the budget by the Conservatives); extension of the accelerated capital cost allowance for two years (also already implemented by the Conservatives); an innovation
tax credit for machinery used in research and development; an additional one cent of gas
tax for the provinces for infrastructure; a transit infrastructure fund; increased funding for social housing; a major child care initiative; increasing ODA funding to 0.7 per cent of Gross National Income (GNI); and restoring the 6 % annual
escalator to the Canada Health Transfer.
UK: Government banks on wine
tax windfall Wine is set to overtake beer as a contributor of duty
tax to UK Government coffers, with little sign that ministers plan to halt the duty
escalator for alcoh
The cross-party group want the government to scrap 2008's beer duty
escalator, which has seen
tax on beer go up over 40 % in the last four years.
«In 2008 the government raised alcohol duty by six per cent in real terms and introduced a duty
escalator that automatically increased alcohol
taxes by two per cent above inflation every year thereafter,» he said.
Research from Ernst & Young shows that scrapping the duty
escalator would boost GDP by half a billion pounds and increase the
tax take from the drinks industry by # 230 million in 2014, by stimulating extra activity.
Aviation
tax rises were dropped despite the fact that aviation is historically under -
taxed compared to road fuels and, whilst the road fuel duty
escalator was scrapped, there was no help for bus and train users suffering much greater cost increases.
Earlier this month, the Alcohol Health Alliance called for higher
tax on high strength ciders and the reintroduction of the duty
escalator, which ensured that alcohol
taxes rose above inflation each year.
The coalition has frozen the fuel duty
escalator on petrol and diesel that was brought in by the previous administration as a green
tax during the 1990s.
In freezing the fuel duty freeze, Osborne will be repeating his autumn statement from last year, raising calls by some for the total scrapping of the fuel duty
escalator under which
tax is supposed to increase by the retail price index (RPI) every April until 2014.
Osborne says he inherited an
escalator, but the coalition did not immediately say that it would cut fuel duty — its words about putting more of the
tax burden on to pollutants suggested the reverse.
Additionally, the rankings dock Louisiana five points for lacking an «
escalator» provision that automatically raises the cap on total amount of
tax credits available — however, Louisiana does not impose a total credit cap at all, which is even better than having a cap with an
escalator.
The combination of a depressed property
tax base and built - in cost
escalators produces recurring gaps that demand budget cuts every year just to keep doing the same old thing... and the long - term outlook isn't much brighter.
Immediate moratorium on the automatic
escalator on corporate
tax credit participants until a level playing field is legally established.
A report published by the Environmental Law Students Association (ELSA), called for a «carbon price
escalator» with S$ 5 annual increments in the
tax rate, arguing that Singapore's initial price of S$ 5 is too far off from the benchmark of US$ 50 — US$ 100 per tonne of emissions recommended by World Bank's High - Level Comission on Carbon Prices report.
They opposed the Government's fuel - duty
escalator and said that the Climate Change Levy - a business
tax on energy use that would be offset by cuts in corporate National Insurance contributions - «played Russian roulette with employment».
One part of the United Kingdom's environmental
tax reform involved a steadily increasing fuel
tax known as a fuel duty
escalator, which was in effect from 1993 until 1999.